Category:LEI Entities

This category defines concepts around contractually capable business entities. The terms defined here are those which are relevant to the Legal Entity Identifier (LEI) work. The term known as legal entity in that work is identified as a formal organization which is recognized in some jurisdiction as being capable of incurring some liability, whether or not is a legal person as understood by the legal community. This is labeled as contractually capable entity, to avoid confusion with the accepted legal term for Legal Entity. Such entities are recognized as requiring an LEI, but the identifier itself is allocated to the formal organization which is recognized as being contractually capable.