> For the complete documentation index, see [llms.txt](https://www.headlesslaw.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://www.headlesslaw.com/definitions/emd.md).

# EMD Definitions

Definitions from Directive 2009/110/EC, Article 2.

Definitions from EMD Article 2 (Directive 2009/110/EC), extracted from the ingested legal-text corpus.

* [average outstanding electronic money](/definitions/emd/average-outstanding-electronic-money.md)
* [electronic money](/definitions/emd/electronic-money.md)
* [electronic money institution](/definitions/emd/electronic-money-institution.md)
* [electronic money issuer](/definitions/emd/electronic-money-issuer.md)