Meaning of the word institutions in English

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

institutions

US /ˌɪnstɪˈtuːʃənz/
UK /ˌɪnstɪˈtjuːʃənz/

Plural Noun

1.

established laws, customs, and practices that are considered an important part of a society or culture

Example:
Democratic institutions are essential for a free society.
Marriage is a social institution.
2.

organizations founded for a religious, educational, social, or similar purpose

Example:
Many financial institutions were affected by the crisis.
Universities are important educational institutions.