The Legal Entity Identifier record reveals verification information on the legal entity used for global Know Your Customer (KYC), financial transactions or organization identity assurance purposes. It will tell you if the legal entity has kept its LEI code active and information up to date, and the operational / incorporation status of the organization. ACTIVE: As of the last report or update, the Legal Entity reported that it was legally registered and operating. INACTIVE: It has been determined that the Entity that was assigned the LEI is no longer legally registered and/or operating, whether as a result of business closure, acquisition by or merger with another (or new) Entity, or determination of illegitimacy.