establishment

/ɪˈstæblɪʃmənt/

noun

The act of establishing; a ratifying or ordaining; settlement; confirmation.
"Since their establishment of the company in 1984, they have grown into a global business."
The state of being established, founded, etc.; fixed state.
"The firm celebrated twenty years since their establishment by updating their look."
That which is established; as a form of government, a permanent organization, business or force, or the place where one is permanently fixed for residence.
"Exposing the shabby parts of the establishment."

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