Medicare is a social insurance program that serves more than 44 million enrollees (as of 2008). The program costs about $432 billion, or 3.2% of GDP, in 2007.
The definition of an institution is an established custom or practice, or a group of people that was formed for a specific reason or a building that houses the group of people. 1  Marriage is an example of a cultural institution. 2  A town council is an example of an institution of government.
Meaning: An institution that issues something (securities or publications or currency etc.) Classified under: Nouns denoting groupings of people or objects. Hypernyms (issuer is a kind of...): establishment; institution (an organization founded and united for a specific purpose)