Parastatal vs. Institution

Parastatalnoun

A company, agency, or intergovernmental organization that possesses political clout and is separate from the government, but whose activities serve the state, either directly or indirectly.

Parastataladjective

Pertaining to such a company or group.

Institutionnoun

A custom or practice of a society or community.

Institutionnoun

An organization similarly long established and respected, particularly one involved with education, public service, or charity work.

Institutionnoun

The building or buildings which house such an organization.

Institutionnoun

(informal) Other places or businesses similarly long established and respected.

Institutionnoun

(informal) A person similarly long established in a place, position, or field.

Institutionnoun

The act of instituting something.

Institutionnoun

(obsolete) That which institutes or instructs, particularly a textbook or system of elements or rules.

Institutionnoun

The act or process of instituting; as: (a) Establishment; foundation; enactment; as, the institution of a school.

Institutionnoun

Instruction; education.

Institutionnoun

That which instituted or established

Institutionnoun

An established or organized society or corporation; an establishment, especially of a public character, or affecting a community; a foundation; as, a literary institution; a charitable institution; also, a building or the buildings occupied or used by such organization; as, the Smithsonian Institution.

Institutionnoun

That which institutes or instructs; a textbook; a system of elements or rules; an institute.

Institutionnoun

an organization founded and united for a specific purpose

Institutionnoun

an establishment consisting of a building or complex of buildings where an organization for the promotion of some cause is situated

Institutionnoun

a custom that for a long time has been an important feature of some group or society;

Institutionnoun

the act of starting something for the first time; introducing something new;

Institutionnoun

a hospital for mentally incompetent or unbalanced person

Institution

Institutions, according to Samuel P. Huntington, are . Institutions can refer to mechanisms which govern the behavior of a set of individuals within a given community, and are identified with a social purpose, transcending individuals and intentions by mediating the rules that govern living behavior.