Definitions (2)

1.Establishment, foundation, or organization created to pursue a particular type of endeavor, such as banking by a financial institution.
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.

Use institution in a sentence

  • I enjoyed the experience of banking at my finical institution a lot more before it became such a conglomerate and was less personal.

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  • The bank institution was famous for having the most secure vault in the country many people from around the world came to deposit their money there.

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  • When deciding what college to attend it is important you pick the best higher learning institution that you can get into.

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Notable Quotes

  • 4 Declarations of the Institutional Imperative
    "The Institutional Imperative:
    (1) As if governed by Newton's First Law of Motion, an institution will resist and change in its current direction.
    (2) Just as work expands to fill available time, corporate projects or acquisitions will materialize to soak up available funds.
    (3) Any business craving of the leader, however foolish, will be quickly supported by detailed rate-of-return and strategic studies prepared by his troops.
    (4) The behavior of peer companies, whether they are expanding, acquiring, setting executive compensation or whatever, will be mindlessly imitated."
    - Warren Buffett

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