An "Entity" refers to something that exists as a distinct and independent unit. This can include individuals, organizations, or concepts that have their own identity. For example, a company is an entity that operates in the business world, while a person is an entity in social contexts. In legal terms, an entity can also refer to a recognized organization, such as a non-profit or a government. These entities can enter into contracts, own property, and be held accountable under the law. Understanding entities is essential in fields like business, law, and philosophy.