The term institution commonly applies to both informal institutions such as customs, or behavior patterns important to a society, and to particular formal institutions created by entities such as the government and public services.
The definition of conservative is favoring older, known traditions and resisting any changes. An example of conservative is preferring laws to stay the same. Conservative is defined as a type of statement that is safe or moderate. An example of conservative is an estimate of how much time a job will take.
Contrary to popular belief, does NOT imply a political affiliation or lack thereof; someone with no political party is considered an Independent, but can still be very conservative or very liberal. A moderate is merely someone who isn't conservative enough to be on the right, and isn't liberal enough to be on the left. Another popular (and incorrect) belief is that moderates just can't make up their minds.