▪ I. institute in‧sti‧tute 1 [ˈɪnsttjuːt ǁ -tuːt] noun [countable] ORGANIZATIONS
1. an official organization that represents people of a particular profession:
• the American Institute of Certified Public Accountants
• the British Institute of Bankers
2. an official organization concerned with research or education:
• California Institute of Technology
[m0] ▪ II. institute institute 2 verb [transitive]
to introduce a new system or rule:
• The bank instituted a number of cost-cutting measures.
• The firm instituted a program to provide retirement benefits for its staff.
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Ⅰ.
institute UK US (often Institute) /ˈɪnstɪtjuːt/ noun [C]
► an organization where people do a particular kind of scientific, educational, etc. work, or the buildings which it uses : »
the Massachusetts Institute of Technology
► an organization of people who all do the same kind of work: »
the Institute of Directors
Ⅱ.
institute UK US /ˈɪnstɪtjuːt/ verb [T]
► to start or introduce a system, rule, legal action, etc.: »
They promised to institute new guidelines in the wake of the scandal.
Financial and business terms. 2012.