institution

IPA: ɪnstɪtˈuʃʌn

A custom or practice of a society or community.
A long established and respected organization, particularly one involved with education, public service, or charity work.
The building or buildings which house such an organization.
(informal) Any long established and respected place or business.
(informal) A person long established in a place, position, or field.
The act of instituting something.
(Christianity) The act by which a bishop commits a cure of souls to a priest.
(obsolete) That which institutes or instructs, particularly a textbook or system of elements or rules.
(informal) Ellipsis of mental institution. [(derogatory slang) A psychiatric hospital, or the psychiatric ward of a hospital.]

Examples of "institution" in Sentences

The university is a well-respected institution known for its prestigious academic programs
The bank is a financial institution that offers a variety of services to its customers
The hospital is an important institution in our community, providing essential healthcare services to residents
The government is an institution that creates and enforces laws to maintain order and protect its citizens
The museum is a cultural institution that preserves and showcases important artifacts and artwork for the public to enjoy