a habit, custom
a person who has been seen in the same place for a long time
a person who is a very familiar figure in some activity or place
a place where a lot of people live
the act of instituting
"the institution of marriage"
"the institution of slavery"
"he had become an institution in the theater"
"she looked forward to her initiation as an adult"
"the foundation of a new scientific society"
Before the Institution of coined money..people must always have been liable to the grossest frauds.
出自： Adam Smith