Institutional Unit

Definition

Institutional Unit. A party that is capable, in its own right, of owning assets, incurring liabilities, and engaging in economic activities and in transactions with other parties

There is a hierarchical relationship between institutional units and establishments. An institutional unit contains one or more entire establishment(s); an establishment belongs to one and only one institutional unit. There are two main types of units in the real world that may qualify as institutional units, namely persons or groups of persons in the form of households, and legal or social entities.

See Also

• http://stats.oecd.org/glossary/detail.asp?ID=1415
• http://www.statcan.gc.ca/eng/concepts/units
• http://www.statcan.gc.ca/eng/nea/gloss/gloss_i#Institutionalunit

Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.