in ‧ au ‧ gu ‧ rate /ɪˈnɔːɡjəreɪt, ɪˈnɔːɡjʊreɪt $ -ˈnɒː-/ BrE AmE verb [transitive]
[ Date: 1500-1600 ; Language: Latin ; Origin: past participle of inaugurare , from augurare ( ⇨ ↑ augur ); because the ceremony involved looking at signs of what might happen in the future ]
1 . to hold an official ceremony when someone starts doing an important job in government
inaugurate somebody as something
On 8 January 1959 de Gaulle was inaugurated as First President of the Fifth Republic.
2 . to open a building or start an organization, event etc for the first time:
The Turner Prize was inaugurated in 1984.
3 . formal if an event inaugurates an important change or period of time, it comes at the beginning of it:
The International Trade Agreement inaugurated a period of high economic growth.
—inauguration /ɪˌnɔːɡjəˈreɪʃ ə n, ɪˌnɔːɡjʊˈreɪʃ ə n $ ɪˌnɒː-/ noun [uncountable and countable] :
President Hoover’s inauguration
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THESAURUS
▪ establish to start a company or organization, especially one that exists for a long time:
The company was established in 1899.
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He established a new research centre in Dublin.
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Most of the money will be used to establish local industries and mobilize the work-force.
▪ set up to start a new company or organization. Set up is less formal than establish , and is the usual phrase to use in everyday English:
Kate and her partner are setting up their own printing business.
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Dad set up as a builder in 1990 and now he employs over twenty men.
▪ open to start a business that provides services to the public, such as a shop, restaurant, or hotel:
He opened his first restaurant in 1995.
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They just opened a new supermarket on Van Nuys Boulevard.
▪ found to start a company or an organization such as a school or a hospital, especially by providing the money for it – used about something that was started a long time ago:
Who originally founded the college?
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The bank was founded 60 years ago in Munich.
▪ inaugurate /ɪˈnɔːɡjəreɪt, ɪˈnɔːɡjʊreɪt $ -ˈnɒː-/ formal to start an organization with an official ceremony:
Twenty years after the airport was inaugurated, it introduced its first transatlantic flights.