CRM 2016 and Dynamics 365 On-premises

Hello,

I am getting a little bit confused about CRM 2016 and Dynamics 365 on premises. It looks like that Dynamics 365 is the service pack 8.2, does it mean that Dynamics 365 can be install as service pack update without following a full organization upgrade ?

https://www.microsoft.com/en-us/dynamics/crm-customer-center/dynamics-365-online-vs-on-premises-features-faq.aspx

https://technet.microsoft.com/en-us/library/hh699747.aspx

Thanks

Simone