The article seeks to revitalize the concept of tradition and re-claim its usefulness for contemporary sociological thought and research. Instead of ontological entity, tradition is defined here as an assigned temporal meaning, i.e., a symbolic activity in which various social groups attribute traditional qualities to certain sectors of life that are understood as binding together different times. The article analyzes two incompatible approaches with which tradition was hitherto conceptualized in sociology: (1) tradition as the anti-modern, and (2) tradition as synonymous with “culture.” The analysis introduces a few middle-ground options that support the theory of tradition as assigned meaning.