Yes, it is a noun form of the verb to institute (found, begin). It has a variety of meaning, ranging from the generic (a formation or beginning), to educational enterprises, to a euphemism for an asylum or sanitorium.
Begin
Kyoto Protocol - an international agreement which sets binding emission reduction targets
Commencing means to begin.
apple
nonagenarion
suffix
Some words that begin with "terr" meaning land are terrain, terrestrial, territory, and terra firma.
To commence or begin again., To begin anew to be; to act again as., To commence again or anew.
Dirge
gross.
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