Abstract: An electronic component includes a ceramic body, and an external electrode on the ceramic body, the external electrode includes a base layer continuously covering an end surface of the ceramic body and a portion of a side surface bordering the end surface, and a plating layer covering the base layer, the ceramic body includes a recess open on the side surface, an opening of the recess includes a pair of edges, one edge of the opening is located within a covered region on the side surface covered with the base layer, and the other edge of the opening is spaced away from the covered region.

Abstract: A loop transfer device including a carriage supported by transverse sliding movement on first and second needle beds on each of which are disposed a multiplicity of latch needles is disclosed. A first path is formed on the carriage for guiding the butts of the loop transferring latch needles on the first needle bed therein and moving such latch needles in a direction perpendicular to the longitudinal direction of the first needle bed. A second path is formed on the carriage for guiding the butts of the loop receiving latch needles on the second needle bed therein and moving such latch needles in a direction perpendicular to the longitudinal direction of the second needle bed.