institute >> ˈɪnstɪtjuːt
Definition: [noun] an organization having a particular purpose, especially one that is involved with science, education, or a specific profession.
Example: the Institute of Architects
Definition: [noun] a commentary, treatise, or summary of principles, especially concerning law.
Example: Coke's Institutes of the Laws of England
Definition: [verb] introduce or establish (a scheme, undertaking, or policy).
Example: the state instituted a national lottery
Definition: [verb] appoint (someone) to a position, especially as a cleric.
Example: his sons were instituted to the priesthood