Meaning of “institution” in the English Dictionary

"institution" in British English

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institutionnoun

uk /ˌɪn.stɪˈtʃuː.ʃən/ us /ˌɪn.stəˈtuː.ʃən/

institution noun (ORGANIZATION)

B2 [ C ] a large and important organization, such as a university or bank:

Harvard University is an internationally respected institution.

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institution noun (PLACE)

B2 [ C ] mainly disapproving a building where people are sent to be cared for, especially a hospital or prison

institution noun (CUSTOM)

C2 [ C ] a custom or tradition that has existed for a long time and is accepted as an important part of a particular society:

the venerable institution of marriage
figurative Mrs Daly is an institution - she's been with the company for 40 years and knows absolutely everyone.

(Definition of “institution” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"institution" in American English

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institutionnoun [ C ]

us /ˌɪn·stɪˈtu·ʃən/

institution noun [ C ] (ORGANIZATION)

an organization that exists to serve a public purpose such as education or support for people who need help:

An institution of higher learning is a college or university.

institution noun [ C ] (CUSTOM)

a custom or practice that has existed for a long time and is accepted as an important part of a society:

the institution of marriage

(Definition of “institution” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"institution" in Business English

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institutionnoun

uk /ˌɪnstɪˈtjuːʃən/ us

[ 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.

(Definition of “institution” from the Cambridge Business English Dictionary © Cambridge University Press)