Meaning of the word existing in English

What does existing mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

existing

US /ɪɡˈzɪs.tɪŋ/
UK /ɪɡˈzɪs.tɪŋ/
"existing" picture

Adjective

presently in use, in effect, or in existence

Example:
We need to improve our existing infrastructure.
The new policy will replace the existing one.