institution


institution
institution in‧sti‧tu‧tion [ˌɪnstˈtjuːʆn ǁ -ˈtuː-] noun
1. [countable] a large important organization:

• Japanese institutions are steadily increasing their presence in Europe.

• the Royal Institution of Chartered Surveyors

deˈpository instiˌtution [countable]
FINANCE BANKING a bank or other financial institution into which people can pay money so that it can be held there and earn interest:

• Inflation often kept market interest rates above the level that depository institutions were allowed to pay.

fiˈnancial instiˌtution [countable] FINANCE BANKING
an organization such as a bank where people, companies, or governments put their money, which it invests to produce a profit:

• There was some buying of shares by investment funds and financial institutions.

2. [uncountable] the introduction of a new system or rule:

• Most companies are in favour of the institution of a common economic policy.

3. [countable] LAW an established system or custom that is accepted in law:

• the institution of private property

* * *

institution UK US /ˌɪnstɪˈtjuːʃən/ noun
[C] a large and important organization, such as a bank: »

Traders said a certain institution had been trying to sell a lot of shares.

»

Various City institutions were involved in the deal.

»

Many government institutions will be affected by the spending cuts.

[C] a custom or tradition that has existed for a long time and is accepted as an important part of a particular society: »

the institution of marriage

[U] the introduction of a law, system, etc.: »

Many are now calling for the institution of a quota system in Parliament and other political bodies to ensure equality.

See also DEPOSITORY INSTITUTION(Cf. depository institution), FINANCIAL INSTITUTION(Cf. ↑financial institution), THRIFT INSTITUTION(Cf. ↑thrift institution)

Financial and business terms. 2012.

Synonyms:

Look at other dictionaries:

  • institution — [ ɛ̃stitysjɔ̃ ] n. f. • 1190; lat. institutio I ♦ 1 ♦ Rare Action d instituer. ⇒ création, établissement, fondation. L institution d une fête annuelle, d une commission d enquête. L institution du calendrier grégorien en 1582. « l institution du… …   Encyclopédie Universelle

  • institution — Institution. s. f. v. Action par laquelle on instituë, on establit. L Institution des jeux Olympiques. l institution d un tel Ordre. l institution des Pairs de France, du Parlement. les paroles sont de l institution des hommes. c est une loüable …   Dictionnaire de l'Académie française

  • Institution — In sti*tu tion, n. [L. institutio: cf. F. institution.] [1913 Webster] 1. The act or process of instituting; as: (a) Establishment; foundation; enactment; as, the institution of a school. [1913 Webster] The institution of God s law is described… …   The Collaborative International Dictionary of English

  • institution — institution, social institution The use of the term institution in sociology, meaning established aspects of society, is close to that in common English usage. However, there have been some changes over time in the exact conceptualization of the… …   Dictionary of sociology

  • institution — in·sti·tu·tion n 1: the act of instituting 2: a significant practice, relationship, or organization in a society or culture the institution of marriage 3: an established organization or corporation esp. of a public character; specif: a facility… …   Law dictionary

  • Institution — (v. lat. Institutio), 1) Einsetzung, Einrichtung, bes. die politischen Einrichtungen eines Staates, welche die Rechte u. Freiheiten der Staatsbürger der Regierung gegenüber garantiren sollen; 2) Beförderung zu einem Amte od. einer Kirchenpfründe; …   Pierer's Universal-Lexikon

  • Institution — (lat.), Stiftung, Anordnung, Einrichtung, bes. Staats und bürgerliche Einrichtung; auch Einsetzung in ein Amt. Institutionen, Unterweisungen, Teil des Corpus juris, welcher eine enzyklopäd. Übersicht des röm. Rechts enthält, unter Justinian 533… …   Kleines Konversations-Lexikon

  • institution — c.1400, action of establishing or founding (a system of government, a religious order, etc.), from O.Fr. institucion foundation; thing established, from L. institutionem (nom. institutio) disposition, arrangement; instruction, education, noun of… …   Etymology dictionary

  • Institution — [Network (Rating 5600 9600)] …   Deutsch Wörterbuch

  • institution — ► NOUN 1) an important organization or public body, such as a university, bank, hospital, or Church. 2) an organization providing residential care for people with special needs. 3) an established law or custom. 4) informal a well established and… …   English terms dictionary