This is the 10225th most frequent Swedish word.
institution
An organization or establishment dedicated to a specific purpose, often educational, cultural, or social.
The word 'institution' is used to refer to an organization established for a specific purpose in society.
Universitetet är en viktig institution för utbildning.
The university is an important institution for education.
Here, 'institution' refers to a long-standing organization significant for cultural or historical purposes.
Museet har varit en kulturell institution sedan det grundades.
The museum has been a cultural institution since it was founded.
In this case, 'institution' denotes an organization offering services within the financial sector.