Crossword Genius

The "I" of M.I.T.: Abbr.

Ross

I believe the answer is:

inst

(Other definitions for inst that I've seen before include "'In the present month, in short (4)'" , "In brief, this month in correspondence" , "Present month (on business letters)" , "Business notation for the current month" , "Business usage for this month" .)

I've seen this clue in The New York Times.
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