Meaning of the word instituted in English

What does instituted mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

instituted

US /ˈɪn.stɪ.tuːtɪd/
UK /ˈɪn.stɪ.tjuːtɪd/

Verb

to establish, set in motion, or formally introduce something, such as a system, policy, or custom

Example:
The new policy was instituted last month to improve efficiency.
They instituted a reward system for employees who meet their targets.