Entity (noun)

1. Something that exists as a particular and discrete unit.
2. An organization or business with a particular function.

Origin:

Late middle english: from latin entitas, from ens, ent- "being", from esse "to be".

Examples:

1. The company is a separate legal entity from its owners.
2. A person is considered to be a separate legal entity.
3. The government is the entity responsible for enforcing the law.
4. The university is an entity that provides education and research opportunities.
5. The entity of the company was dissolved and its assets were sold off.