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Whatever it is it is not a word in the English language.
a word spelled in a similar manner is institution which means:
1. the act of instituting
2. an organization or establishment founded for a specific purpose, such as a hospital, church, company, or college
3. the building where such an organization is situated
4. an established custom, law, or relationship in a society or community
5. (Economics, Accounting & Finance / Stock Exchange) Also called institutional investor a large organization, such as an insurance company, bank, or pension fund, that has substantial sums to invest on a stock exchange
6. Informal a constant feature or practice Jones' drink at the bar was an institution
7. (Christianity / Ecclesiastical Terms) the appointment or admission of an incumbent to an ecclesiastical office or pastoral charge
