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English definition of “institution”

institution

noun [C] (ORGANIZATION)    /ˌɪn.stɪˈtjuː.ʃən/ US  /-ˈtuː-/
B2 a large and important organization, such as a university or bank: a medical/educational/financial institution St Andrews and Edinburgh universities are internationally respected institutions.Societies, clubs and organizations
(Definition of institution noun (ORGANIZATION) from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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