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institution

Definition:
1. An organization founded and united for a specific purpose.
2. An establishment consisting of a building or complex of buildings where an organization for the promotion of some cause is situated.
3. A custom that for a long time has been an important feature of some group or society.
4. The act of starting something for the first time; introducing something new.
5. A hospital for mentally incompetent or unbalanced person.

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