A university is an institution of higher education and research, which grants academic degrees in a variety of subjects. A university provides both undergraduate education and postgraduate education. The word university is derived from the Latin universitas magistrorum et scholarium, roughly meaning "community of teachers and scholars."

The original Latin word "universitas" was used at the time of emergence of urban town life and medieval guilds, to describe specialized "associations of students and teachers with collective legal rights usually guaranteed by charters issued by princes, prelates, or the towns in which they were located." Although the original Latin word referred to places of learning in Europe, where this form of legal organization was prevalent, it is sometimes extended to other educational institutions of non-Western antiquity, including China, India and Persia: