Meaning of "Institution"

An institution generally refers to:

1. An established organization or foundation —especially one dedicated to education, public service, culture, or social welfare.
   Examples:

   • A university (educational institution)
   • A hospital (healthcare institution)
   • A bank (financial institution)

2. A custom, practice, or system that is widely accepted and has a significant role in society.
   Examples:

   • Marriage as a social institution
   • Legal systems or government structures

Summary

An institution is either a formal organization with a specific purpose or a long-standing social practice or system that shapes how society functions.