Institution

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Institution

The commencement or initiation of anything, such as an action. An establishment, particularly one that is eleemosynary or public by nature.

An institution can be any type of organized corporation or society. It may be private and designed for the profit of the individuals composing it, or public and nonprofit.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.

INSTITUTION, eccl. law. The act by which the ordinary commits the cure of souls to a person presented to a benefice.

INSTITUTION, political law. That which has been established and settled by law for the public good; as, the American institutions guaranty to the citizens all privileges and immunities essential to freedom.

INSTITUTION, practice. The commencement of an action; as, A B has instituted a suit against C D, to recover damages for a trespass.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
But the Aga Khan's most important legacy may be the thing he is known least for in the West: building institutions that will nurture a progressive Muslim identity.
These sound corporate governance practices are not mandatory for smaller, non-public institutions; however, the FDIC recommends that each institution consider implementing them to the extent feasible given its size, complexity and risk profile.
It is necessary to address the low involvement in cancer research of health care institutions predominantly serving populations who experience the worst consequences of cancer-related health disparities.
Regulators from the federal agencies that oversee the nation's financial institutions--the FDIC, the OTS, the OCC, the Federal Reserve and the National Credit Union Association--also reserve the right to report any serious audit deficiencies to the institutions they examine.
As we re-tool our message, we should recognize that competition among institutions and industries for the best and brightest young people is white-hot.
Through the Identrus system, corporate customers of Identrus member financial institutions can conduct electronic transactions with confidence in the integrity, authenticity, and privacy of the communications.
The recent Commission on the Future of Higher Education reiterated a growing consensus among legislators and the public that college is becoming unaffordable and that educational institutions need to contain costs and make financial aid more accessible.
Their stakeholders include the students who attend, the parents who pay the bills; the alumni who remain tied to and support their institutions; the faculty and staff who operate and are paid by the institutions; the employers who hire the students; the governments that subsidize and regulate the institutions and gain extensive research knowledge from them; the communities in which the institutions are situated; and the general public who contribute taxes and reap the benefits of an educated citizenry.
Is it the individual actor, the institutions in which individuals act, or is it the larger entities or systems in which the institutions are embedded?
By 2004 the NISSAT project came to an end; however, the host institutions are continuing the centers, and they are being managed with their internal resources.
It provides financial institutions with an easy solution to fulfill their compliance requirements for cross-border ACH transactions under regulations issued by the U.S.

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