institution
Definition 1
Establishment, foundation, or organization created to pursue a particular type of endeavor, such as banking by a financial institution.
Definition 2
Consistent and organized pattern of behavior or activities (established by law or custom) that is self-regulating in accordance with generally accepted norms. For example, political institutions are involved with (and regulate) competition for power; and economic institutions (such as markets) encourage and regulate production and distribution of goods and services.
Mentioned in these definitions
Mentioned in these terms
Popular 'Corporate, Commercial, & General Law' Terms
institution in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/institution.html
