Table of Terms

The Table of Terms is no longer current (last generated Oct 2009). Please refer to the model repository for up to date definitions.

This section shows terms for organizations including business entities and legal entities.

Class of Thing	Property	Related Thing or Type	Definition	Editorial Notes	Synonym
Model: FIBO-BE
Model Section: BusinessEntity
Ontology Module: LEIEntity
Contractually Capable Entity	(is Class)	N/A	A unique entity that is legally or financially responsible for the performance of financial transactions or has the legal right in its jurisdiction to enter independently into legal contracts, regardless of whether it is incorporated or constituted in some other way (e.g. trust, partnership, contractual). This excludes natural persons, but includes governmental organizations and supranationals.	Editorial Note: Simpler definition: Entity which has the capacity to sign contracts on its own part, whether or not the liabilities so incurred unwind to that entity. LEI documentation: "The LEI scope (and therefore the intended scope of "Legal Entity" in this model), is "Any legal entity that enters into a financial transaction will be eligible for an LEI. For example: Transacting entities; Issuing entities; Reference entities; Reporting entities; Ultimate parent entities. Other participants in financial transactions (including exchanges, utilities, registrars, regulators and industry organizations) will obtain LEIs as deemed necessary in the future. Individuals (i.e. natural persons) are excluded from LEI's scope." - from "Legal Entity Identifier (LEI) Project Scope and Preliminary Implementation Plan" at www.sifma.org Implications: This is any entity which can enter into a transaction or contract, with the exception of natural persons. ISO 17442 definition: The term "legal entities" includes, but is not limited to, unique parties that are legally or financially responsible for the performance of financial transactions or have the legal right in their jurisdiction to enter independently into legal contracts, regardless of whether they are incorporated or constituted in some other way (e.g. trust, partnership, contractual). It excludes natural persons, but includes governmental organizations and supranationals. Term Origin: ISO 17442 = "Legal Entity" Definition Adapted From: ISO 17442	Legal Entity
Contractually Capable Entity	Is a	Relative Thing
Contractually Capable Entity	Contractually Capable Entity identity	Formal Organization	The Contractually Capable Entity is some Formal Organization.	Editorial Note: This defines the entity in question as not including natural persons, which may be contractually capable but which are not included in the scope of Contractually Capable Entity as intended here, which is intended to reflect the scope of entities which may be given an LEI.
Contractually Capable Entity	has agent	Signatory	Has a party which is able to sign contracts on the part of the Legal Entity.
Contractually Capable Entity	has contractual capability	Contractual Capability	The capability of the entity to enter into some contractual relationship.	Editorial Note: This may be entered into by the entity in its own right (if it is a legal person), or it may be that some entity enters into the contractual relationship on behalf of this entity via some signatory capacity. In either case, this capacity is that of incurring potential liability regardless of whether or not that liability unwinds to this entity or passes through to some other.
Contractually Capable Entity	isArchetype	true
Contractually Capable Entity	recognized as such in	Jurisdiction	The concept of what is considered as legal is a function of the jurisdiction in which it is recognized as being a Legal Entity.
Legal Entity Identifier	(is Class)	N/A	A code which uniquely identifies a Formal Organization and is allocated to it as a result of it being recognized as being a Contractually Capable Entity (ISO 17442 "Legal Entity").	Editorial Note: This is at variance with the name of this identifier type, but is in line with the stated aim of the "LEI" initiative to which this identification code refers. Term Origin:SIFMA LEI Definition Origin:SR Draft	LEI
Legal Entity Identifier	Is a	Organization Identification Code
Legal Entity Identifier	identifies	Formal Organization	The formal organization which is identified by the Legal Entity Identifier. ¦Scope Note: This is the assumed scope of the LEI, namely any entity which has some contractual standing, whether or not it is a legal entity. Includes trusts, excludes sole traders and humans.
Legal Entity Identifier Scheme	(is Class)	N/A	The scheme under which the LEI code is defined.
Legal Entity Identifier Scheme	Is a	Organisation Identification Scheme
Legal Entity Identifier Scheme	defines	Legal Entity Identifier	An Legal Entity Identification code defined in the LEI scheme.
Signatory	(is Class)	N/A	Some agent who has the capacity to sign contracts on the part of some Legal Entity.
Signatory	Is a	Party
Signatory	has capacity	Signatory Capacity	Has the capacity to sign contracts on behalf of some entity.
Signatory	Signatory must be some	Natural Person	The identity of the Signatory. This has to be some natural person (some human being who has legal capacity).
Ontology Module: OrganizationAddress
Postal Address	(is Class)	N/A	A physical and postal address where communications can be addressed, papers served or representatives located for any kind of business entity or legal entity.	Editorial Note: Alternative definition (FDTF Address Reviews Aug/Sept 2011): An index to a location to which physical communications may be delivered. Editorial note: There are existing international standards for defining this structure. This should be found and used. The current model is a place holder until that material can be located and included.
Postal Address	Is a	Address
Postal Address	Is a	Set
Postal Address	is located in	Geographical Area
Postal Address	is located in	Postcode Area
Postal Address	is of	Real Estate
Postal Address	is set of	Address Fragment
Ontology Module: EntityName
Brand Name	(is Class)	N/A	A name with or without some strong image (usually legally defined), which identifies an organization or some part of product or service thereof. Consensus:Review
Brand Name	Is a	Name
Legal Name	(is Class)	N/A	The full legal name of an entity. Consensus:Yes
Legal Name	Is a	Name
Legal Name	Full Legal Name	text	The text which represents the full legal name of an entity. Consensus:Yes
Personal Name	(is Class)	N/A	The name of an individual person.
Personal Name	Is a	Name
Personal Name	Additional Name	text	Additional or "middle" names given to the person by his or her parents or derived through tradition based on other family names.
Personal Name	Family Name	text	The name the person derives from his or her family
Personal Name	Given Name	text	The name given to the person by his or her parents and unique within their immediate family.
Ontology Module: EntityGroup
Entities Group	(is Class)	N/A	A group of autonomous entities.
Entities Group	Is a	Collection
Entities Group	has member	Autonomous Agent	A member of the Entities Group. This is some Autonomous Agent.	Editorial Note: At this level of abstraction this is any kind of self-actualizing entity, forming a group of some sort (not an organization, so not defined by the properties of organizations such as pursuing some common goal over a period of time). .
Model Section: BusinessOrganization
Ontology Module: OrganizationType
Club	(is Class)	N/A	An informal organization formed to pursue some common interest among its members.
Club	Is a	Legitimate Organization
Crime Syndicate	(is Class)	N/A	An informal grouping formed for the purposes of organized criminal activities.
Crime Syndicate	Is a	Illegal Organization
Illegal Cartel	(is Class)	N/A	A collection of companies that come together to manipulate the market in some way. e.g. price fixing.	Editorial Note:	Illicit Cartel
Illegal Cartel	Is a	Illegal Organization
Illegal Cartel	Illegal Cartel has member	Formal Organization	Some organization which is a member of the cartel.	Editorial Note: Cartels are described as groups specifically of formal organizations.
Illegal Organization	(is Class)	N/A	A kind of organization which has been set up specifically to perform illegal acts or has become such.	Editorial Note: Scope Note: (from SME review sessions) This is not to do with performing illicit acts: We can narrow down on a definition for Illicit Organization: one which has been set up specifically to perform illicit acts or has become such. This relates to the purpose of the organization, and the purposes of the entities which control that entity. And the acts which the entity may perform. (definition adopted from the above note, with Illicit changed to Illegal for clarity). Typically, a money laundering entity may perform (will perform) legal acts and is explicitly set up for such, but will also perform illicit acts. The definition of illicit is framed entirely with respect to law and not morality.	Illicit Organization
Illegal Organization	Is a	Organization
Illegal Organization	mutually exclusive	Legitimate Organization
Informal Organization	(is Class)	N/A	An organization which is not formally constituted in some way. Further Notes:
Informal Organization	Is a	Organization
Involved Party	(is Class)	N/A	Any entity which is able to perform any formal business Party role; an individual, a corporation, a partnership, an association, a joint-stock company, a business trust, or an unincorporated organization.	Editorial Note: Corresponds to "Party" in many technical data models. This is any autonomous entity which may perform some role based on ownership or similar. It excludes illicit informal organizations and non business entities, some of which may perform some of the roles of a party. Scope Note: Was labeled as "Potential Party" during most SME reviews. Corresponds to InvolvedParty in some data models. Scope Note: This is modeled as a logical union of the types of entity which are defined as being able to exist in this role. Definition Adapted From: eCFR = Person
Involved Party	DefinitionOrigin	http://www.ecfr.gov/cgi-bin/retrieveECFR?gp=1&SID=156b3a57ae63855b0de1b32e322c998a&ty=HTML&h=L&r=PART&n=17y2.0.1.1.8#17:2.0.1.1.8.0.17.2
Involved Party	has legal control of	Formal Organization	The entity has legal control over this organization. ¦Term Origin:SMER ¦Definition Origin:SMER Consensus:Yes
Legitimate Organization	(is Class)	N/A	An organization which exists to serve some lawful purpose.
Legitimate Organization	Is a	Organization
Legitimate Organization	Is a	Involved Party
Formal Organization	(is Class)	N/A	Any organization with some formal contractual standing, and with which another such organization may transact business or engage in some activity.	Editorial Note: This type of entity is defined by the fact that it has some formal contractual agreement among its principles. W3C Definition An Organization which is recognized in the world at large, in particular in legal jurisdictions, with associated rights and responsibilities. Examples include a Corporation, Charity, Government or Church. Scope Note: For simplicity we assume that the definition given above and the FIBO definition of being something with some formal contract among the principles, amounts to the same set of individuals. Term Origin:SR Modeling Definition Origin:SR Draft	Business Organisation {En-uk} Firm
Formal Organization	Is a	Organization
Formal Organization	Is a	Union Of Formal Organization AND Adult Human Being
Formal Organization	Is a	Involved Party
Formal Organization	author of	Formal Controlled Document	A formal written document authored by the Business Organization.
Formal Organization	constitutionally part owned by	Involved Party	Some entity which part owns the Formal Organization by means of some formal instrument such as shares or stockholder equity.
Formal Organization	control delegated to	Legally Delegated Authority	The Organization which has management control of this Organization. ¦Term Origin:SMER ¦Definition Origin:SMER Consensus:Yes
Formal Organization	controlled by	Autonomous Agent	Some entity which controls the Formal Organization, this being some kind of autonomous agent.	Editorial Note: This relationship corresponds to the party relation "Entity controlled by" and the scope of that party, by inheritance from "Party" itself, as being any Autonomous Agent. That is, any type of autonomous agent may be found in the role of the controlling party of some Formal Organization (this is the most general level of any type of control; types of de jure control may only be exerted by narrower ranges of types of entity).
Formal Organization	entity owned by	Entity Owning Party	That party which is an owner, in whole or in part of the Formal Organization.
Formal Organization	Formal Organization has equity	Stockholder Equity	The Formal Organization has some form of Stockholder Equity.
Formal Organization	governed by	Organization Covering Agreement	The or any agreement which governs the relationships among the principals in some formal organization.
Formal Organization	has constitutional owning party	Constitutional Owing Party	Some party which has some degree of ownership in the organization, that ownership being reflected in some formal part of the constitutive documentation of the organization.	Editorial Note: Typically this would be share ownership or the holding of partnership equity. Ownership in this "constitutional" sense means that the owner is in some way a member of the organization, as distinct from some outside investor.
Formal Organization	has controlling interest party	Controlling Interest Party	The Formal Organization is controlled in some way by some controlling party, that is some entity which exercises such control.
Formal Organization	has de facto controlling interest party	De Facto Controlling Interest Party	Some party which exercises some de facto control over the Formal Organization.
Formal Organization	has de jure controlling interest party	De Jure Controlling Interest Party	The Formal Organization is legally controlled in some way by some de jure controlling party, that is some entity which exercises legally based control.
Formal Organization	has Formal Organization Member	Formal Organization Member	A party which is a member of the Formal Organization.
Formal Organization	has global ultimate parent	Global Ultimate Parent	The organization which is recognized as the ultimate parent of the company. This relationship may or may not be present, i.e. in the case of a company which has no parent.	Editorial Note: In the case of companies which are a subsidiary of another company which itself has a parent, this is the organization which sits at the top of the hierarchy of organizations worldwide.
Formal Organization	has internal entity	Organizational Sub Unit	The organization has some part which is formally defined as an Internal Entity, for example for reporting, management or accounting purposes.
Formal Organization	has investment owning party	Investment Owning Party	Some party which has some degree of ownership of the Formal Organization by way of its investment into some equity in the organization.
Formal Organization	has majority controlling party	Majority Controlling Party	The parent of the company, if there is one.	Editorial Note: This is usually (but not necessarily) any entity which owns a controlling stake of >50% (50% plus one voting share or above, or equivalent) in this company, if it is a limited company.
Formal Organization	has operating address	Operating Business Address Relation	The address at which the organization carries out its business and receives correspondence relating to its business activities. Consensus:Yes
Formal Organization	has operating address	Postal Address	Address at which the organization carries out its operations.
Formal Organization	has primary address	Primary Business Address Relation	The primary address at which this entity is known or does business.	Editorial Note: Note: definition added after the review. There is more to capture on addresses. This includes the fact that this is the headquarters address or head office if a company has several addresses, but the single and only address if it only has one.
Formal Organization	has primary address	Postal Address	The main address at which communications to the organization may be addressed; its headquarters address.
Formal Organization	has registered address	Registered Address	The organization has an address at which it is registered and at which legal papers may be served on it.
Formal Organization	has responsible party	Responsible Party	Some party having some defined responsibility in respect of the Formal Organization
Formal Organization	has sector classification	Organization Industry Sector Classification	A classification of the business organization in terms of the industry sector in which that business operates. Consensus:Yes
Formal Organization	has significant controlling interst party	Significant Part Controlling Interest Party	Some entity which owns a significant part of this company but not 50% or more.	Editorial Note: This is a relationship for "any" ownership between a lower threshold (defined in AML regulations locally) and 50%. It is the inverse of the Affiliate (AKA Associate) relationship.
Formal Organization	has sub unit	Organizational Sub Unit	The company has a branch, which is part of that company. This may be in another country or in the country in which that company is registered (incorporated).	Editorial Note:
Formal Organization	has total owner	Total Owner	The Formal Organization is totally owned and therefore wholly controlled by some party having 100% ownership in it.	Editorial Note: This may be any entity which is capable of exercising ownership. Scope Note: By virtue of holding 100% of the equity ownership, the Total Owner also holds 100% of the controlling equity, if there is a difference. Therefore it is both a total owner and a total controlling party. For this reason it is included among the control relationships and is a specialization of the "has majority controlling party" relationships.
Formal Organization	has trading name	Name	The name by which the business is known for trading purposes. Consensus:Review
Formal Organization	identified by	Organization Identification Code	A formal, published identifier of the business entity.
Formal Organization	identified by	Legal Entity Identifier	A formal, published identifier of the formal organization. ¦Scope Note: This is the assumed scope of the LEI, namely any entity which has some contractual standing, whether or not it is a legal entity. Includes trusts, excludes sole traders and humans.
Formal Organization	issuer of	Formal Controlled Document
Formal Organization	legally controlled by	Involved Party	The entity that has legal control over the organization.	Editorial Note: Legal control stems from voting rights. Voting rights give the holder a form of democratic control over a company. They can only exercise that control in conjunction with shareholders. Term Origin:SMER Definition Origin:SMER
Formal Organization	majority controlling interest by	Involved Party	Entity having controlling ownership of the Formal Organization.	Editorial Note: This is defined as being anything above fifty percent of the controlling ownership, for example voting shares or contractually defined control percentages.
Formal Organization	mutually exclusive	Informal Organization
Formal Organization	owns	Publicly Issued Equity	Publicly issued equity in a company incorporated by shares, owned by the business entity. Consensus:Review
Formal Organization	owns	Stockholder Equity	Equity in a company incorporated by shares, owned privately or publicly by the business entity. Consensus:Review
Formal Organization	part owned by	Involved Party	The entity is owned in some part by this kind of entity.	Editorial Note: This relationship corresponds to the party "Entity Owning Party", which is defined as owning any Formal Organization, and being itself some potential owning party, that is the union of Formal Organization, Legal Person and legitimate organization.
Formal Organization	significant controlling interest by	Involved Party	Entity which has significant control of the Formal Organization.	Editorial Note: This is defined as anything above a minimum threshold which is considered significant, but up to or below 50%.
Formal Organization	some degree of control by	Entity Controlling Party	Some party which has some degree of control over the organization.	Editorial Note: Control by this type of party is either asserted to be the case by the entity itself or some other party, or is determined through some analysis or calculation based on the available information about controlling interests.
Formal Organization	wholly controlled by	Involved Party	Entity having controlling ownership of the Formal Organization.	Editorial Note: This is defined as having 100% ownership (and therefore control ownership) of the formal Organization by whatever means is in place for ownership in that organization.
Formal Organization	writes	Memorandum	A memorandum written by the organization for example as part of the issuance process (see Issuance models).
Ontology Module: FormalOrganization
Body Limited By Guarantee Principals Agreement	(is Class)	N/A	The formal agreement between the principals of a Body Limited by Guarantee.
Body Limited By Guarantee Principals Agreement	Is a	Organization Covering Agreement
Joint Venture	(is Class)	N/A	A formal venture between two or more business entities.	Editorial Note: Detailed properties still to be modeled. This will be similar to Partnership in that it will have two or more venture partners (need to determine best label for these), and some formal standing. Also to research: whether JVs are only instituted via mutual share ownership and therefore may only be between limited companies (or may only be a limited company but may have other types of legal person and/or legal entity as venture partners).
Joint Venture	Is a	Formal Organization
Organisation Identification Scheme	(is Class)	N/A	A formal scheme defining identification codes for a business entity.
Organisation Identification Scheme	Is a	Identification Scheme
Organisation Identification Scheme	defines	Organization Identification Code	An organization identification code defined in the scheme.
Organization Covering Agreement	(is Class)	N/A	A formal agreement between the principals in a formal organization which covers the relationship between the principals, and between the principals and the entity.	Editorial Note: Also covers the aims and purposes of the Entity. Term Origin: SR Modeling Definition Origin:SR Draft
Organization Covering Agreement	Is a	Written Contract
Organization Covering Agreement	sets out equity terms in	Equity Apportionment Terms Set	Has terms setting out the apportionment of equity in some Formal Organization.
Organization Covering Agreement	sets out liability terms in	Liability Apportionment Terms Set	Has terms setting out the apportionment of liabilities for debts or other liabilities accrued by some Formal Organization.
Organization Industry Sector Classification	(is Class)	N/A	The classification of an organization in terms of the industry sector in which it carries out business. Consensus:Yes
Organization Industry Sector Classification	Is a	Classification
Organization Industry Sector Classification	classifies	Formal Organization	A business entity which is covered by the classification. Consensus:Yes
Registered Address	(is Class)	N/A	The address at which an entity is registered and at which legal papers may be served.	Editorial Note: This usually has to not be a postal address (except in some jurisdictions). So there should be a common superclass.
Registered Address	Is a	Postal Address
Organization Identification Code	(is Class)	N/A	A textual code which uniquely identifies a formal organization Further Notes Things which may identified by this kind of code Include but are not restructed to Legal Entity. At this most general level, this may be the identifier for a Fund, for a Legal Entity, for a Trust, or for the LEI scope of "Artificial Person plus Trust".
Organization Identification Code	Is a	Identifier
Ontology Module: OrganizationPart
Branch	(is Class)	N/A	A part of a business organization or company, identified as a branch.	Editorial Note: This is not a separate legal entity in its own right, but a functional part of the entity of which it is a branch. Therefore it is identified as a kind of "Part" as well as a kind of Business Organization.
Branch	Is a	Organizational Sub Unit
Division	(is Class)	N/A	A part of a company.	Editorial Note: Various kinds of these: Line of Business - e.g. metals, plastic and so on.
Division	Is a	Organizational Sub Unit
Organizational Sub Unit	(is Class)	N/A	An Organization such as University Support Unit which is part of some larger Formal Organization and only has full recognition within the context of that Formal Organization, it is not a Legal Entity in its own right
Organizational Sub Unit	Is a	Formal Organization
Organizational Sub Unit	is sub unit of	Formal Organization	The organization is a sub-unit of a Formal Organization and has the role and function of being a formal part of that organization, such as a branch.
Ontology Module: OrganizationMember
Organization Member	(is Class)	N/A	Some entity which is a member of some organization.
Organization Member	Is a	Party
Organization Member	Organization Member identity	Autonomous Agent	Some entity which is a participant in the organization.
Model Section: LegalPerson
Ontology Module: LegalPersonCommon
Body Corporate	(is Class)	N/A	Any formal organization which can incur liability and can be sued at law and which is not an individual human being.	Editorial Note: This is an artificial legal person, that is something with legal personhood but which has been created artificially. It is also a formal organization (unlike for example artificial legal persons created by statute br by royal charter). Bodies Corporate, and all non natural legal persons, are generally created by some legal act and supported by some instrument such as the issuance of shares or guarantees. These are what give the entity a separate legal standing in the jurisdiction in which they are defined, and that jurisdiction will have created the laws which allow and cause this kind of entity to exist.	Unnatural Person Artificial Legal Person
Body Corporate	Is a	Legal Person
Body Corporate	Is a	Formal Organization
Body Corporate	constituted by	Instrument Of Incorporation	The instrument by which the entity is incorporated.
Body Corporate	constituted in	Jurisdiction	The legal jurisdiction under which the legal entity is incorporated.	Editorial Note: It is the laws of this jurisdiction that cause and allow the legal entity to exist and to incur debt and be sued at law as a legal entity.
Body Corporate	domiciled in	Country	The country in which the Body Corporate is officially domiciled.	Editorial Note: This would normally be the country corresponding to the Jurisdiction in which the Body Corporate is incorporated. For some, primarily federal countries, the Domicile is the country that makes up the federation while the Jurisdiction under which the entity is registered would be that of some state in that federation.
Body Corporate	has alias	Name	Any other name by which the Legal Entity is known but which is not its usual given name or its registered formal name.	Editorial Note: Added at SME Review, to meet AML requirements.
Body Corporate	has legal name	Legal Name	The name by which the legal entity is referred to in legal communications. Consensus:Yes
Body Corporate	has obligation	Reporting Obligation	Some obligation which the Body Corporate has, in respect of reporting under some jurisdiction or regulatory authority.
Body Corporate	has obligation	Statutory Reporting Obligation
Body Corporate	trading at postal address	Postal Address
Body Corporate	trading at Postal Address	Postal Address	Address at which the Body Corporate carries out its business.
Body Corporate	trading at site	Business Site	The address at which the entity is formally registered.
Body Incorporated Through Agreement	(is Class)	N/A	A body with legal personhood, incorporated through some agreement among the principals, and without equity or guarantee instruments which would isolate the principals from liability.	Editorial Note: An LLP (in the UK) is an example of this, and is also a partnership. There, the LLP Document is the legal document which effectively constitutes the Partnership.
Body Incorporated Through Agreement	Is a	Body Corporate
Body Incorporated With Equity	(is Class)	N/A	A body corporate which is incorporated by means of the issuance of equity.
Body Incorporated With Equity	Is a	Body Corporate
Body Incorporated With Equity	has issued equity	Issued Equity	The Body Incorporated by Equity is incorporated through the issuance of some Issued Equity, which is a form of Stockholder Equity.
Body Incorporated With Guarantee	(is Class)	N/A	Incorporated entity without share capital, and in which the liability of its members is limited to the amount each one of them undertakes to contribute at the time the firm is wound up.	Editorial Note: The profit motive is not the prime objective of the organization. Definition Origin: InvestorWords.com	Company Incorporated By Guarantee
Body Incorporated With Guarantee	Is a	Body Corporate
Body Incorporated With Guarantee	constituted by	Incorporation Guarantee	The documentation by which the Company Limited by Guarantee is brought into existence.
Body Incorporated With Guarantee	DefinitionAdaptedFrom	www.investorwords.com
Body Incorporated With Guarantee	governed by Company Limited By Guarantee Principals Agreement	Body Limited By Guarantee Principals Agreement	The company is governed by some formal agreement between the principals.
Body Incorporated With Guarantee	has guarantor	Guarantee Providing Member	The party which acts as a Guarantor in the incorporation of the entity.
Chartered Legal Person	(is Class)	N/A	A Legal Person created by some Royal Charter or Decree.	Editorial Note: Would only exist in a monarchy or principaility, The monarch typically vests the power to create such bodies, in an entity called (for example) the Privy Council. Editorial Note: In general, companies / entities may be created by Act of Parliament or by Royal Charter. Royal Charter is created by the Privy Council rather than by Parliament. This would not exist in a republic. Scope Note: Examples: Anything with "Royal Institute" in the name. Also University generally set up by royal charter (often pre-dating any Privy Council i.e. directly be the monarch in the case of older universities). The Bank of England and the British Broadcasting Council (BBC) are also incorporated through Royal Charter. Editorial Note: Control - possibly vested in the Privy Council unless this is only the power to set up (or to dissolve?) Further research required.
Chartered Legal Person	Is a	Body Corporate
Company Incorporated By Guarantee	(is Class)	N/A	Incorporated firm without share capital, and in which the liability of its members is limited to the amount each one of them undertakes to contribute at the time the firm is wound up. ¦Definition Origin: InvestorWords.com
Company Incorporated By Guarantee	Is a	Body Incorporated With Guarantee
Company Incorporated By Guarantee	DefinitionOrigin	www.investorwords.com
Company Incorporated By Guarantee	has guarantor Company Owner	Company Owner	A Company Incorporated by Guarantee has some guarantor which is the Company Owner	Editorial Note: Scope Note: Term deprecated at later reviews.
Country	(is Class)	N/A	A self-governing geopolitical entity which is recognized as a country by the United Nations. ¦Scope Note: This class is a surrogate for the Country class in the Foundational ontologies; modelers may elect to relate this to Country (or equivalents e.g. Territory) in other ontologies.
Incorporation Guarantee	(is Class)	N/A	A guarantee which is part of the means by which some incorporated entity is incorporated by guarantee.
Incorporation Guarantee	provided by	Guarantee Providing Member	The party which is the provider of the Guarantee.
Incorporation Guarantee	Notional Amount	Monetary Amount
Instrument Of Incorporation	(is Class)	N/A	Some legal instrument by which some legal entity which is not a natural person is made to exist.	Editorial Note: This may be the issuance of shares, the existence of some agreement, guaranties and so on.	Memorandum and Articles
Instrument Of Incorporation	Is a	Constitution
Instrument Of Incorporation	Is a	UNION OF Instrument Of Incorporation AND Incorporated Company Bylaw
Instrument Of Incorporation	constrains	Company Bylaw	The Instrument of Incorporation (being effectively the constitution of the entity) governs and constrains the application of the bylaws of the company.
Instrument Of Incorporation	governed by	Jurisdiction	The legal jurisdiction under which the Instrument of Incorporation has standing.
Instrument Of Incorporation	Instrument URI	uri	The URI of the Instrument of Incorporation.
Legal Person	(is Class)	N/A	Any entity which can incur legal obligation and can be sued at law.	Editorial Note: This includes human beings and legal persons created by means of some legal fiction / statutory instrument, as well as the legal persons of sovereigns and of entities created by statute or royal charter. Term Origin:Legal research Definition Origin:SMER	Legal Entity Liable Entity
Legal Person	Is a	UNION OF Human Being AND Legal Person
Legal Person	Is a	Autonomous Agent
Legal Person	Is a	Involved Party
Legal Person	accepts	Loan Borrower Commitment	A commitment to a loan, which the Legal Entity accepts.	Editorial Note: This pair of relationships covers the relation in the data model labeled as "accepted by" and defined between Loan Borrower Relation (now commitment) and Person (nowLegal Entity). Term Origin:SR Modeling; PoC = accepted by (inverse) Definition Origin:SR Draft
Legal Person	is capable of	Liability Capacity	The ability of an entity to incur debt and be sued at law.
Legal Person	isArchetype	true
Statutory Body	(is Class)	N/A	A legal person which is created and given legal personhood by act of statute.	Editorial Note: The name exists and the meaning exists (verified) but we need to verify that this term does correspond to this concept. Otherwise there may not be a common name for these, since these are usually one off e.g. regulatory bodies created by some regulatory law. Editorial note: Body Corporates may be created by Act of Parliament - the instrument of incorporate in this case is the statute which creates the entity.
Statutory Body	Is a	Body Corporate
Natural Person	(is Class)	N/A	A person of maturity who in the eyes of the law is able to assume obligations.	Editorial Note: That is, a human being beyond the age of majority in the relevant jurisdiction and therefore deemed capable of legal action and being sued at law.
Natural Person	Is a	Union Of Formal Organization AND Adult Human Being
Natural Person	Is a	Legal Person
Natural Person	Is a	Adult
Natural Person	citizenship	Country	The country of which the person is a citizen.
Natural Person	mutually exclusive	Body Corporate
Model Section: Corporation
Ontology Module: CorporationCore
Board Agreement	(is Class)	N/A	The agreement between members of the Board of the Company.
Board Agreement	Is a	Organization Covering Agreement
Board Agreement	Is a	ONE OF Incorporated Company Bylaw OR Board Agreement
Incorporated Company Legal Form Selection	(is Class)	N/A	The textual styling of the legal form of a legally incorporated company, as referred to in the jurisdiction in which it is incorporated and the language of that jurisdiction.	Editorial Note: Note that some of these may be semantically equivalent, however the term here identifies the string of characters used in relation to the type of company, so the underlying semantic is not relevant here. Note: this is a fairly open ended list and not all the relevant forms are captured here at this time. The main ones and some other examples are given. Further thought: There are private and public forms of company, each with different words in different jurisductions, but the same two or three basic meanings, so we should split this list into the different semantics.
Incorporated Company Legal Form Selection	Berhad	Malaysian limited company designation.
Incorporated Company Legal Form Selection	GmbH	Gesellschaft mit beschränkter Haftung (German, "Company with limited liability")
Incorporated Company Legal Form Selection	Inc	Incorporated
Incorporated Company Legal Form Selection	Ltd	Limited
Incorporated Company Legal Form Selection	Plc	Public listed company
Incorporated Company Legal Form Selection	Pty	Private limited company.
Incorporated Company Legal Form Selection	Pvt	Private company.
Joint Stock Company	(is Class)	N/A	A joint stock company (JSC) is a type of business entity: it is a type of corporation or partnership between two companies. Certificates of ownership (or stocks) are issued by the company in return for each contribution, and the shareholders are free to transfer their ownership interest at any time by selling their stockholding to others.	Editorial Note: There are two kinds of joint stock company. The private company kind and the open market. The shares are usually only held by the directors and Company Secretary. Term Origin:Wikipedia Definition Origin:Wikipedia
Joint Stock Company	Is a	Incorporated Company
Privately Owned Company	(is Class)	N/A	A company whose shares are held privately, usually by the directors or their relatives and associates.	Editorial Note: Wikipedia: definition for British / Commonwealth version: A private company limited by shares is a type of company incorporated under the laws of England and Wales, Scotland, that of certain Commonwealth countries and the Republic of Ireland. It has shareholders with limited liability and its shares may not be offered to the general public, unlike those of public limited companies.
Privately Owned Company	Is a	Incorporated Company
Privately Owned Company	has capital	Private Equity	The capital issued by the company at its formation or subsequently. Consensus:Review
Publicly Owned Company	(is Class)	N/A	A company whose shares are traded and held publicly.	Editorial Note: SME Review 16 Feb 2011. Separate "Public" in definition of company, from publicly traded shares - not related.
Publicly Owned Company	Is a	Incorporated Company
Publicly Owned Company	has capital	Publicly Issued Equity	Capital issued publicly by the company and held by the public. Consensus:Review
Publicly Owned Company	may have capital as	Private Equity	Additional privately held equity in the company, which is not held as publicly issued shares.
UNION OF Instrument Of Incorporation AND Incorporated Company Bylaw	(is Logical Union)	N/A	The logical union of company legal form documents (Instrument of Incorporation, Memorandum and Articles or equivalent) and company by-laws.	Editorial Note: Originally modeled for Incorporated Company (and Incorporated Company Public Officer) only, now elevated to apply to all Bodies Corporate.
Company Registration Code	(is Class)	N/A	A code which is officially allocated under a jurisdiction in which a company is incorporated, and which is used within that jurisdiction to identify the company. This usually has to be included in official stationary and must always be publicly available.
Company Registration Code	Is a	Registration Code
Company Registration Code	allocated under	Jurisdiction	The jurisdiction under which the registration code is allocated.
Incorporated Company	(is Class)	N/A	A company incorporated by the issue of shares.	Editorial Note:
Incorporated Company	Is a	Body Incorporated With Equity
Incorporated Company	constituted by	Incorporated Company Legal Form Documentation	The articles of association which are defined when a registered company (specifically a company limited by the issue of shares) is set up.
Incorporated Company	deemed to have parent	Deemed Parent
Incorporated Company	deemed to have subsidiary	Deemed Subsidiary
Incorporated Company	governed by Board Agreement	Board Agreement	The agreement which covers the relationships among the Board Members and between them and the Corporation as a legal entity.
Incorporated Company	has affiliate	Affiliate	Ownership between some minimum percentage and majority holding. That minimum percentage is determined in local law and may be for example 10% or 25%.	Editorial Note: Affiliated company: Associated or affiliated with (synonyms). Definition from BusinessDirectory.com for Associate: Firm over which another firm exercises a degree of control which is less than the degree of control exercised over a subsidiary. In accounting, such control is typically taken to mean the ownership of at least 20 percent of voting shares, and some say in the management of the associate firm. Associated companies usually have interlocking directorates to ensure they have common policies and complementary objectives. Additional Notes: Uni of Melbourne: Associate in corporations Law: one of the most important definitions in the corp law is associate. Regulate takeovers compulsory acquisitions and other transactions. Now 2 definitions which are not entirely consistent (one does not repeal the other). Associate is a person in this sense. Definition Origin: businessdictionary.com
Incorporated Company	has capital	Shareholder Equity	The capital issued by the company at its formation or subsequently.	Editorial Note: Review comment: Participation is not necessarily a share. Ownership of the capital.
Incorporated Company	has corporate filing obligation	Corporate Filing Obligation
Incorporated Company	has domestic ultimate parent	Domestic Ultimate Parent	The organization which is recognized as the ultimate parent of the company within the country or jurisdiction of incorporation. This relationship may or may not be present, i.e. in the case of a company which has no parent.	Editorial Note: In the case of companies which are a subsidiary of another company which itself has a parent, this is the organization which sits at the top of the hierarchy of organizations in the country of registration of the company of which this is a property. Adapted from consensus definition of Ultimate Parent, now that this is split into national and global parent.
Incorporated Company	has holding of another companys	Publicly Issued Equity	Equity held by the company, in another company. This is assumed to be publicly issued equity. Consensus:Review
Incorporated Company	has legal name	Legal Name	The official, legal name of the company, as registered with the appropriate registration authority.	Editorial Note: This is generally used suffixed with the legal form (e.g. Ltd., Berhad) when referring to the company for legal purposes.
Incorporated Company	has majority holding of another companys	Publicly Issued Equity	Majority Equity held by the company, in another company. This is assumed to be publicly issued equity. Consensus:Review
Incorporated Company	has majority owned subsidiary	Wholly Owned Subsidiary	A company which is recognized as a majority owned subsidiary of this company. This is where there is above 50% (50% plus one share) ownership of the shares. Consensus:Yes
Incorporated Company	has registration number	Company Registration Code	The official registration number of the incorporated company in the Jurisdiction in which it is registered.	Editorial Note: This is used within that jurisdiction to identify the company. This usually has to be included in official stationary and must always be publicly available. It is possible that some jurisdictions do not insist on the existence of such a number, so this is given as optional.
Incorporated Company	has shareholder	Involved Party	Some entity which part owns the Incorporated Company by means of shares.
Incorporated Company	has shareholder formal organization	Formal Organization	Some Formal Organization which part owns the Incorporated Company by means of shares.
Incorporated Company	has ultimate beneficial owner	Ultimate Beneficial Owner	The ultimate holders of the assets of a hierarchy of companies. These may be people or other legal entities.	Editorial Note: Defined by law as the owning or controlling of more than (a threshold e.g. 25% or 10% of the entity, as defined in the individual AML laws in the applicable jurisdiction). Review: Determine whether this is any human being or an adult human being; else OK.
Incorporated Company	headquartered at	Primary Business Address Relation	The address at which the entity is headquartered, also known as the head office of that entity. Consensus:Review
Incorporated Company	Incorporated Company has some control of	Controlled Company	The company has control over some company, which is identified as a Controlled Company.
Incorporated Company	incorporated under	Jurisdiction	The legal jurisdiction under which the Incorporated Company is incorporated.	Editorial Note: It is the laws of this jurisdiction that cause and allow the company to exist and to incur debt and be sued at law as a legal entity.
Incorporated Company	is joint venture of	Joint Venture Partner	synonym =	Formal definition needed. This is something which is a company which is not wholly or majority owned by any one other company but is instead a joint venture i.e. 50/50 holdings or 33/33/33 etc.
Incorporated Company	is wholly owned by	Company Total Owning Company	The Incorporated Company is totally owned and therefore wholly controlled by some Formal Organization having 100% ownership in it.
Incorporated Company	majority controlling interest by company	Over Fifty Percent Controling Interest Company	The parent organization of the company, if there is one.	Editorial Note: This is defined as company or other Formal Organization which owns a controlling stake of >50% (50% plus one voting share or above) in this company.
Incorporated Company	majority controlling ownership by	Incorporated Company	Incorporated Company holding over fifty percent of the voting shares in this Incorporated Company.
Incorporated Company	majority voting shareholding by	Formal Organization	Formal Organization holding over fifty percent of the voting shares in this Incorporated Company.
Incorporated Company	part held by Shareholder	Shareholder	The company is owned in part by the Shareholder.
Incorporated Company	significant controlling interest by company	Significant Part Shareholder Company	A Formal Organization which owns a significant part of this company but not 50% or more.	Editorial Note: This is a relationship for "any" ownership between a lower threshold (defined in AML regulations locally) and 50%. It is the inverse of the Affiliate (AKA Associate) relationship.
Incorporated Company	significant controlling interest by company	Incorporated Company	Incorporated Company having a significant voting ownership in the Incorporated Company.
Incorporated Company	significant voting shareholding by	Formal Organization	Formal Organization having significant voting ownership in the Incorporated Company.
Incorporated Company	some controlling interest by	Voting Shareholder	Some control of the Incorporated Company is wielded by some Voting Shareholder.	Editorial Note: This control is by means of voting equity in the form of voting shares, which gives the shareholder a say in the running of the company.
Incorporated Company	some controlling interest by company	Voting Shareholding Company	There is some ownership of the company. This may be anywhere between one share and 100% ownership.	Editorial Note: This relationship forms the basis of the relationships defined according to specific percentages of ownership.
Incorporated Company	some controlling interest by company	Incorporated Company	Company having some degree of voting ownership in the company.
Incorporated Company	some voting shareholding by	Formal Organization	Formal Organization having some degree of voting ownership in the company.
Incorporated Company	total voting shareholding by	Formal Organization	Formal Organization holding all of the voting shares in the Incorporated Company.
Incorporated Company	trading as	Name	Alternative name/Business name by which the entity is also known
Incorporated Company	trading at	Operating Business Address Relation	The address at which the company trades. This may or may not be the same as the Registered Address but is defined and recorded separately even when they are the same. Consensus:Yes
Incorporated Company	wholly owned by	Incorporated Company	Incorporated Company holding all of the voting shares in the Incorporated Company.
Incorporated Company	Date Of Incorporation	date	The date of formation of the company. This is identified as the formal date of registration in company registration documents.	Editorial Note: Generally known as Date of Incorporation.
Incorporated Company	Date Of Registration	date	Date at which the corporation is registered in some jurisdiction for regulatory and / or for tax purposes.	Editorial Note: This is analogous to a person registering for paying taxes somewhere, regardless of their birth, citizenship and so on.
Incorporated Company	Issued Capital	Monetary Amount	The amount of equity in the company, which has been issued in the form of shares (either publicly traded or privately held).
Incorporated Company	Legal Form	Incorporated Company Legal Form Selection	The precise form of the incorporated company as defined in the jurisdiction in which it is registered, for example Ltd, PLC, Corp.	Editorial Note: Review note: Some of these refer to companies in which shares are privately held and others refer to companies in which shares are traded publicly. Separate variations on this term refer to the national variants of these and perhaps other types of company incorporated by shares. These two meanings have been provided as sub classes of Incorporated Company.
Incorporated Company	Nominal Capital	Monetary Amount	The total amount of capital which the company is authorized to issue as equity in the form of shares, according to the company's legal documentation (Memorandum and Articles, or equivalent).
Model Section: Partnership
Ontology Module: PartnershipCommon
Corporate Limited Partner	(is Class)	N/A	A limited partner in a partnership, who is and may only be a Corporate Legal Person i.e. not a human being.
Corporate Limited Partner	Is a	Limited Partner
Corporate Limited Partner	Corporate Limited Partner Identity	Body Corporate	That which is the Limited Partner. In this case, this can only be a Body Corporate.
Corporate Limited Partner Identity	(is Class)	N/A	That which is the Limited Partner. In this case, this can only be a Body Corporate.
Corporate Limited Partner Identity	Is a	Partner identity
Equity Apportionment Terms Set	(is Class)	N/A	Terms setting out the apportionment of equity in some Formal Organization.
Formal Organization Member	(is Class)	N/A	A member of some Formal Organization.	Editorial Note: This party may hold some equity in the Formal Organization and may or may not have some responsibilities or potential liabilitiy in resect of the activities of that organization. Terms setting out the position of the member in these and other matters are defined in the Organization Covering Agreement, to which the Organization Member may be a signatory .
Formal Organization Member	Is a	Organization Member
Formal Organization Member	may hold Equity	Stockholder Equity	A member of a Formal Organization may hold some portion of the Stockholder Equity in that entity.	Editorial Note: Whether they hold equity or not, and by what means they hold it, are details of specific types of organization member for specific types of organization.
General Partner	(is Class)	N/A	A partner in a partnership, who holds some part of the general partner equity and typically is jointly and severally liable with the other partners for the liabilities incurred by that partnership.
General Partner	Is a	Partnership Partner
General Partner	Is a	De Jure Controlling Interest Party
General Partner	General Partner exercises	Constitutional De Jure Control	The General Partner exercises control as a result of holding General Partner equity, which is therefore a form of constitutional control of the entity.
General Partner	General Partner identity	Natural Person	That which is the General Partner.This can only be a Natural Person.
General Partner	has capacity Liability Capacity	Liability Capacity	General Partner has some capacity for liability in respect to the debts or other liabilities incurred by the Partnership.
General Partner	holds General Partner Equity	General Partner Equity	General Partner equity held by the General Partner in the Partnership.
General Partner Equity	(is Class)	N/A	Equity in a partnership held by General Partners. This is typically accompanied by full liability capability on the part of the holders of the equity.	Editorial Note: For a typical, non incorporated partnership, this is the only equity in the entity. Other, typically incorporated partnerships may have additional "limited" equity in addition to or instead of this.
General Partner Equity	Is a	Partnership Equity
General Partner Equity	Is a	Controlling Equity
General Partner identity	(is Class)	N/A	That which is the General Partner.This can only be a Natural Person.
General Partner identity	Is a	Partner identity
Legally Incorporated Partnership	(is Class)	N/A	Any partnership which is defined as a legal person within a given Jurisdiction, for example a Limited Liability Partnership (if that is a legal person).	Editorial Note: The precise details and definition of these may vary from one jurisdiction to another. This type of entity is defined by being a legal person in its own right, as distinct from the usual type of partnership where the partners remain jointly and severally liable for debts.
Legally Incorporated Partnership	Is a	Body Corporate
Legally Incorporated Partnership	constituted by	Legal Partnership Incorporation Documentation	The legal documentation which sets out the existence and form of the legally incorporated partnership in the terms defined under the legislation under which it has been set up.
Legally Incorporated Partnership	has member	Legally Incorporated Partnership Member	A member or partner in the Partnership.
Legally Incorporated Partnership	Date Of Incorporation	date	Date when the partnership was legally registered or incorporated as a distinct legal person. Consensus:Review
Legally Incorporated Partnership Member	(is Class)	N/A	A party which is a member or partner in a Legally Incorporated Partnership such as an LLC or LLP.
Legally Incorporated Partnership Member	Incorportated Partnership Member identity	Legal Person	The legal entity which is the Legally Incorporated Partnership Member.
Liability Apportionment Terms Set	(is Class)	N/A	Terms setting out the apportionment of liabilities for debts or other liabilities accrued by some Formal Organization.
Limited Partner	(is Class)	N/A	A partner in a partnership whose liabilities are limited to the extent of their equity holding or guarantees.
Limited Partner	Is a	Partnership Partner
Limited Partner	holds Limited Partner Equity	Limited Partner Equity	Limited Partner equity held by the Limited Partner in the Partnership.
Limited Partner Equity	(is Class)	N/A	Equity in a partnership held by Limited Partners. This is not accompanied by any liability capability on the part of the holders of this equity.
Limited Partner Equity	Is a	Partnership Equity
Limited Partner Equity	Is a	Issued Equity
Limited Partner Equity	mutually exclusive	Shareholder Equity
Limited Partner Equity	mutually exclusive	General Partner Equity
Natural Person Limited Partner	(is Class)	N/A	A limited partner in a partnership, who is and may only be a Natural Person i.e. a human being.
Natural Person Limited Partner	Is a	Limited Partner
Natural Person Limited Partner	Natural Person Limited Partner identity	Natural Person	That which is the Limited Partner. In this case, this can only be a Natural Person.
Non Incorporated Partnership	(is Class)	N/A	A partnership in the usual sense of the term, that is a partnership in which the partners are jointly and severally liable for liabilities incurred by the entity.
Non Incorporated Partnership	Is a	Partnership With General Partners
Non Incorporated Partnership	mutually exclusive	Legally Incorporated Partnership
Partnership	(is Class)	N/A	Venture in which two or more legal entities carry out some business activities under a common identity.	Editorial Note: If the partnership doesn't limit the liability of the partners then the party to the contract is a natural person. If it does, then it's an artificial legal person (Body Corporate) - see Legally Incorporated Partnerships. Scope Note: This term of Partnership in the most general sense is ancestral to both of those.
Partnership	Is a	Formal Organization
Partnership	governed by Partnership Agreement	Partnership Agreement	The agreement between partners of the Partnership which governs the partnership as an entity.
Partnership	has partner	Partnership Partner	Any partner in the Partnership.	Editorial Note: Note that nearly all partnerships have General Partners, and these are always present in non incorporated partnerships (but absent in limited liabilities companies which are otherwise styled as partnerships).
Partnership	has partnership equity	Partnership Equity	The Partnership has some Partnership Equity in it.	Editorial Note: This may take one or both of two forms: General Partner Equity and Limited Partner Equity.
Partnership	Date Trading From	date	Date on which the Partnership started trading. Consensus:Review
Partnership Agreement	(is Class)	N/A	The agreement between partners of the Partnership.
Partnership Agreement	Is a	Organization Covering Agreement
Partnership Equity	(is Class)	N/A	Equity in some Partnership.
Partnership Equity	Is a	Stockholder Equity
Partnership Equity	represents an interest in Partnership	Partnership	The Partnership Equity represents an interest in some Partnership. This is the Partnership in which the holder of the equity has a stake in the growth by virtue of holding that equity.
Partnership Incorporated By Equity	(is Class)	N/A	Incorporated partnership which is incorporated by the issuance of equity.
Partnership Incorporated By Equity	Is a	Body Incorporated With Equity
Partnership Incorporated By Equity	Is a	Partnership With Limited Partners
Partnership Incorporated By Equity	has Equity Limited Partner	Equity Holding Limited Partner
Partnership Incorporated By Equity	mutually exclusive	Incorporated Company
Partnership Incorporated Through Agreement	(is Class)	N/A	A partnership which has legal personhood, but for which there is not some issuance of limited partner equity.	Editorial Note: An LLP (in the UK) is an example of this. In this case, the LLP Document is the legal document which effectively constitutes the Partnership.
Partnership Incorporated Through Agreement	Is a	Body Incorporated Through Agreement
Partnership Incorporated Through Agreement	Is a	Partnership With Limited Partners
Partnership Partner	(is Class)	N/A	Any partner in a Partnership. ¦Scope Note: This term is not referred to directly in specific kinds of partnership. Nearly all partnerships have General Partners, while forms of (mostly legally incorporated) partnerships have in addition Limited Partners. This term is the common ancestor of both.
Partnership Partner	Is a	Formal Organization Member
Partnership Partner	Is a	Constitutional Owing Party
Partnership Partner	holds Partnership Equity	Partnership Equity	The equity held by the Partner in the Partnership.
Partnership Partner	Partner identity	Legal Person	That which is the Partner.This is some Legal Person.
Partnership With Corporate Limited Partners	(is Class)	N/A	A partnership with limited partners (partners whose liability is limited) and where those partners are necessarily non natural persons (i.e. cannot be individuals). ¦Scope Note: Example in US: "Limited Liability Company"
Partnership With Corporate Limited Partners	Is a	Partnership With Limited Partners
Partnership With Corporate Limited Partners	has corporate limited partner	Corporate Limited Partner	Has some Limited Partner which is a Body Corporate.
Partnership With Corporate Limited Partners	mutually exclusive	Partnership With Natural Person Limited Partners
Partnership With General And Limited Partners	(is Class)	N/A	A partnership having both limited partners nd general partners.
Partnership With General And Limited Partners	Is a	Partnership With Limited Partners
Partnership With General And Limited Partners	Is a	Partnership With General Partners
Partnership With General Partners	(is Class)	N/A	A partnership which has two or more General Partners.	Editorial Note: The partnership may or may not also have Limited Partners. In a typical non incorporated partnership, it does not. General Partners of a partnership must be natural persons.
Partnership With General Partners	Is a	Partnership
Partnership With General Partners	has general partner	General Partner	A General Partner in the partnership. This is some human person who is (jointly and severally with other such General Partners) liable for the debts of the partnership.	Editorial Note: In the absence of any other type of partners, the partnership is a non incorporated entity in which all liabilities are held jointly and severally by the General Partners.
Partnership With General Partners With Limited Liability	(is Class)	N/A	A partnership that has General Partners, but where those General Partners have limited liability. Further Notes: This is therefore necessarilya legal person (no-one else has liability), ¦Scope Note: Example in some US states: Limited Liability Limited Partnership.
Partnership With General Partners With Limited Liability	Is a	Partnership With General Partners
Partnership With General Partners With Limited Liability	Is a	Body Corporate
Partnership With Limited Partners	(is Class)	N/A	A partnership having Limited Partners, that is partners whose liabilities are limited to the extent of their equity or guarantees.	Editorial Note: Possibly but not necessarily a Legal Person. If there are only Limited Partners then this is of necessity a Legal Person (no-one else has liability in this structure).
Partnership With Limited Partners	Is a	Partnership
Partnership With Limited Partners	has limited partner	Limited Partner	Has one or more partners whose liabilities are limited.
Partnership With Natural Person Limited Partners	(is Class)	N/A	A partnership with limited partners (partners whose liability is limited) and where those partners are necessarily natural persons (i.e. cannot be corporates). ¦Scope Note: Example in US: "Limited Liability Partnership"
Partnership With Natural Person Limited Partners	Is a	Partnership With Limited Partners
Partnership With Natural Person Limited Partners	has natural person limited partner	Natural Person Limited Partner	Has some Limited Partner which is a Natural Person.
Partnership With Only Limited Partners	(is Class)	N/A	A Partnership having Limited Partners but no General Partners.
Partnership With Only Limited Partners	Is a	Partnership With Limited Partners
Partnership With Only Limited Partners	Is a	Body Corporate
Partnership With Only Limited Partners	mutually exclusive	Partnership With General And Limited Partners
Model Section: Trust
Ontology Module: TrustCommon
Beneficiary	(is Class)	N/A	The Beneficiary of the Trust
Beneficiary	Is a	Organization Member
Trust Agreement	(is Class)	N/A	The formal contract by which the Trust exists.	Editorial Note: See also Deed. These are distinct from Contracts in that they impose obligations but without necessarily reciprocating rights.	Trust Deed
Trust Agreement	Is a	Organization Covering Agreement
Trust Agreement	defines beneficiary	Beneficiary	The party formally identified in the Trust Agreement as the Beneficiary.
Trust Agreement	defines trustee party	Trustee	The party formally identified in the Trust Agreement as the Trustee.
Trust Agreement	defines trustor party	Trustor	The party formally identified in the Trust Agreement as the Sponsor.
Trust Fund Manager	(is Class)	N/A	Trust Fund Manager acts on behalf of the Trustee to manage the assets of the Trust.
Trust Fund Manager	Is a	Organization Member
Trust Fund Manager	Fund Manager identity	Legal Person	The entity which fulfills the role of the Trust Fund Manager
Trust Fund Trust	(is Class)	N/A	A trust which forms the basis for a fund.	Editorial Note: The fund is identified as being a kind of Trust Fund.
Trust Fund Trust	Is a	Trust
Trust Fund Trust	has beneficiary	Fund Unit holder	Some unit holder in the Trust Fund
Trust Fund Trust	has fund manager	Trust Fund Manager	The party which is the manager of the Trust Fund.
Trust Fund Trust	unit holder	Legal Person	The holder of units in a trust.	Editorial Note: This is a legal entity. REVIEW: This term was added during some early discussions of Funds (pre 2012). Need to determine whether this is something that exists for all Trusts (probably not), or if it is a fact about specific kinds of trusts that are used in funds / CIV, in which case there would be a sub-class of Trust with this property.
Trustee	(is Class)	N/A	The Trustee of the Trust
Trustee	Is a	Organization Member
Trustee	Is a	Contract Party
Trustee	Trustee identity	Legal Person	The entity which fulfills the role of the Trustee.
Trustor	(is Class)	N/A	The sponsor of the Trust.
Trustor	Is a	Organization Member
Trustor	Is a	Contract Party
Trust	(is Class)	N/A	A fiduciary relationship in which one party, known as a trustor, gives another party, the trustee, the right to hold title to property or assets for the benefit of a third party, the beneficiary.	Editorial Note: This is a legal agreement between parties that someone owns, and is thereby an asset that they own. They can be taxed on this as any other asset. There are generally accepted things such as the source of funds that will determine who the revenue agency will go after.
Trust	Is a	Formal Organization
Trust	governed by Trust Agreement	Trust Agreement	The agreement which governs the relationships among the principals in the Trust.
Trust	has party Beneficiary	Beneficiary	Has a Beneficiary of the Trust
Trust	has party Sponsor	Trustor	Has a sponsor of the Trust.
Trust	has party Trustee	Trustee	Has a Trustee of the Trust
Model Section: OwnershipAndControl
Ontology Module: OwnershipParty
Beneficial Owner	(is Class)	N/A	Some entity which owns some stake in the company (voting or non voting) and exercises some control either through that ownership or by some other means.	Editorial Note: This covers entities which have any kind of control. From World Bank Report: "In identifying the beneficial owner, the focus should be on two factors: the control exercised and the benefit derived. Control of a corporate vehicle will always depend on context, as control can be exercised in many different ways, including through ownership, contractually or informally."
Beneficial Owner	Is a	Shareholder
Constitutional Owing Party	(is Class)	N/A	A party which owns some equity stake in some entity, which is some part of the formal equity make-up of that entity, such as shares or general partner equity.
Constitutional Owing Party	Is a	Entity Owning Party
Constitutional Owing Party	holds some Stockholder Equity	Stockholder Equity	A Constitutional Owning Party is defined as such by the fact that they hold some portion of the Stockholder Equity in that entity.
Controlling Equity	(is Class)	N/A	Equity which brings with it some form of de jure control of the entity in which it represents and interest.
Controlling Equity	Is a	Stockholder Equity
Controlling Equity	confers	De Jure Controlling Interest	The equity confers some controlling interest on the holder of that equity.
Entity Ownership Context	(is Class)	N/A	The context of ownership by some party of an interest in some Formal Organization.
Entity Ownership Context	Is a	Ownership
Entity Ownership Context	involves Entity Owning Party	Entity Owning Party	Entity ownership involves some party which is identified as an Entity Owning Party.
Entity Owning Party	(is Class)	N/A	A party having some ownership in some entity.	Editorial Note: This is not the same meaning as being some owner of some asset. Rather, this is some party which partakes in the ownership of some kind of entity (a business entity or a legal entity for example) via some mechanism such as the ownership of equity in that entity.
Entity Owning Party	Is a	Owner
Entity Owning Party	Entity Owning Party identity	Involved Party	That which may perform the role of Owner of some business entity or formal organization.	Editorial Note: This may be any entity which is capable of holding and owning any type of ownership instrument, whether or not that is a Legal Person in its own right, but not including informal illicit organizations which have no means for owning things in their own right.
Guarantee Providing Member	(is Class)	N/A	An entity which has issued some Guarantee for a body incorporated by the issuance of Guarantees.	Editorial Note: This can be any contractually capable entity.
Guarantee Providing Member	Is a	Formal Organization Member
Guarantee Providing Member	Guarantor identity	Contractually Capable Entity	The entity which performs the role of the Guarantor.	Editorial Note: This is defined as any Contractually Capable Entity, which itself takes the form of a Formal Organization while also being recognized in some jurisdiction as being capable of incurring contractual liabilities (whether or not it is also a Legal Person).
Investment Equity	(is Class)	N/A	Equity which represents some investment in some entity, but which may or may not take the form of stockholder equity. Further Notes: Typically an investment into some entity may take the form of shares (issued or privately held), stockholder equity e.g. partnership equity, or it may take the form of some capital amount which is not reflected in stockholder equity. In each case, there would typically be some contractual basis for the investment setting out what controls or other benefits accrue to the investor.
Investment Equity	Is a	Equity
Investment Equity	Equity invested by	Investment Owning Party	A party which, by virtue of holding some equity investment in the entity, has some ownership stake in it.
Investment Owning Party	(is Class)	N/A	A party which owns some stake in some organization by way of investment.	Editorial Note: This is regardless of whether or not the investor is also a constitutional owner (e.g. shareholder) in the entity.	Investor
Investment Owning Party	Is a	Entity Owning Party
Investment Owning Party	effectively exercises	Investment Based De Facto Control	The Investment Owning Party effectively exercises some degree of de facto control as a result of their interest in the entity.
Investment Owning Party	holds some Investment Equity	Investment Equity	Some equity held by the investor in the form of investment equity.	Editorial Note: This may or may not be reflected in some "constitutional" form of stockholder equity such as shares or general partner equity.
Investor Contract	(is Class)	N/A	Contract setting out the terms under which some investor invests in the entity and setting out the rights which are conferred on that investor.
Investor Contract	Is a	Written Contract
Investor Contract	sets out terms for Investment Equity	Investment Equity	The Contract sets out the terms for the Investment Equity in the entity, setting out the rights which are conferred on any investor in that equity.
Issued Equity	(is Class)	N/A	Stockholder equity which is issued to the public and may be transferred from one party to another.
Issued Equity	Is a	Stockholder Equity
Non Wholly Owned Subsidiary	(is Class)	N/A	A subsidiary which is not a wholly owned subsidiary.
Non Wholly Owned Subsidiary	Is a	Subsidiary
Owned Party	(is Class)	N/A	Some party which is owned in some way and to some degree by some other party.	Editorial Note: Parties, since they stand in roles, will have relationships among them which correspond to the reciprocals of the roles they stand in. In this case, owns and owned by.
Owned Party	Is a	Party
Ontology Module: ControlParty
COCO Bondholder	(is Class)	N/A	Holder of bank bonds which convert to equity holdings in a bank.	Editorial Note: These equity holdings, when they exist, will confer upon the holder some de jure controlling interest in the issuing entity.
COCO Bondholder	Is a	Party Holding Some Option for Control
Company Statutory Obligation	(is Class)	N/A	An obligation defined in company law (statute).	Editorial Note: This is the set of laws that define the statutory obligations on public officers for the jurisdiction in which the company operates.
Company Statutory Obligation	Is a	Obligation
Company Statutory Obligation	mandated by	Company Law	The Statutory Obligation is mandated by some piece of Company Law.
Constitutional Contractual Control	(is Class)	N/A	Some control set out in some contract among the principals of an organization.	Editorial Note: This distinguishes this control from control conferred by contracts with third parties, for example in relation to third party guarantees or similar. This combines all forms of constitutional control in one set of terms under Constitutional De Jure Control.
Constitutional Contractual Control	Is a	Constitutional De Jure Control
Constitutional Contractual Control	Is a	Contractual Control
Constitutional Contractual Control	conferred by Organization Covering Agreement	Organization Covering Agreement	The control is conferred on the party by means of the formal covering agreement by which the organization is constituted, that is the agreement between the principals of the organization.
Constitutional De Jure Control	(is Class)	N/A	Control which is based in some instrument which has constitutional standing (is constitutive of the entity) such as voting shares, general partner equity etc.
Constitutional De Jure Control	Is a	De Jure Controlling Interest
Contractual Control	(is Class)	N/A	Control vested in an entity by virtue of the terms in some contract between that entity and others.	Editorial Note: See SME REview note of 16 Jan 2013: Percentage mechanism (in contracts etc.) would be factored in. Hence percentages as contractual terms. For instance an option to exercise which would give another 5% control. So there is % control with or without share ownership. Example: In a partnership this might be in the Partnership Agreement, which would identify beneficial ownership and control as potentially 2 distinct things. Contract can say anything. Implications: This means that there are percentages of de jure control based in contract, similar to those based in constitutional instruments (shares, General Partner equity). The concepts of Parent, Siinificant Part Owner etc. can then potentially be defined int erms of the percentages of all applicable instruments by which control may be formally defined.
Contractual Control	Is a	De Jure Controlling Interest
Contractual Control	conferred by Contract	Contract	The control is conferred on the party by means of some contract.
Contractual Control	Contractual De Jure Control conferred by	Control Related Contract	Contractual Control is conferred by some contract in which one party agrees to confer some degree and type of control upon the other party to that contract.
Contractual Controlling Party	(is Class)	N/A	A party which exercises some control which is set out in some contract.	Editorial Note: This is as distinct from control set out in some constitutional instrument e.g. voting shares ownership or general partner equity.
Contractual Controlling Party	Is a	De Jure Controlling Interest Party
Contractual Controlling Party	exercises Contractual Control	Contractual Control	Control is exercised by the party, which is conferred by some contractual agreement.
Control Related Contract	(is Class)	N/A	A contract in which one party agrees to confer some degree and type of control upon the other party to that contract.
Controlled Party	(is Class)	N/A	Some party which is controlled in some way and to some degree by some other party.	Editorial Note: Scope Note: Parties, since they stand in roles, will have relationships among them which correspond to the reciprocals of the roles they stand in. In this case, controls and controlled by.
Controlled Party	Is a	Party
Controlling Alliance	(is Class)	N/A	Some group of entities which have formed some alliance or agreement in terms of which they jointly exercise control over some entity. Further Notes: The types of entity which may enter into such an alliance are the same types of entity as may exercise control in their own right, i.e. Involved Party (that is a logical union of natural persons, legal persons and formal organizations).
Controlling Alliance	Is a	Entities Group
Controlling Interest Option Holder	(is Class)	N/A	A party which holds some option which may be exercised to confer on that party some de jure controlling interest at some time in the future and at the discretion of that holder.
Controlling Interest Option Holder	Is a	Party Holding Some Option for Control
Controlling Interest Party	(is Class)	N/A	Some Party which holds some form of controlling interest in some other party in some context.	Editorial Note: This controlling interest inevitably means that the party exercises some form of control, however the precise degree and nature of that control is dependent on many factors, and so is defined as a separate "Party" role (which may and usually is fulfilled by the same entity).
Controlling Interest Party	Is a	Controlling Party
Controlling Interest Party	Holds some means of	Control	Some means of control held by the party.
Controlling Leverage Party	(is Class)	N/A	A party which exercises control as a result of some investment in an equity.	Editorial Note: Any large investor may have some degree of de facto control.
Controlling Leverage Party	Is a	De Facto Controlling Interest Party
Controlling Leverage Party	exercises some Investment Based De Facto Control	Investment Based De Facto Control	The party exercises some de facto control based on some investment in equity.
Controlling Party	(is Class)	N/A	Party which exercises some form of control in some context.	Editorial Note: At this level of abstraction it is not defined whether the control is some degree of controlling interest, or some level of actual control (asserted or calculated) in some entity.
Controlling Party	Is a	Party
Controlling Party	has some Control	Control	Some form of control is exercised by the party.
Court Appointed Control	(is Class)	N/A	Control conferred on some entity by act of some court, for example in the context of receivership.
Court Appointed Control	Is a	De Jure Controlling Interest
Court Appointed Control	conferred by some Court Of Law	Court Of Law	The control which is vested in the controlling party is conferred upon that party through some court of law.
De Facto Controlling Interest Party	(is Class)	N/A	A party which exercises some control over an entity other than via some constitutional instrument such as shares.	Editorial Note: Example: a sleeping partner i.e. where someone has made a large investment, which is bilateral i.e. not part of the constitutional framework of the company. Scope Note: Divides further into financial leverage via loans; non fiscal types of leverage (influence).
De Facto Controlling Interest Party	Is a	Controlling Interest Party
De Facto Controlling Interest Party	holds some means of De Facto Control	De Facto Control	The party exercises some control which is not based in law or contract but in some other means.
De Facto Controlling Interest Party	mutually exclusuive	De Jure Controlling Interest Party
De Jure Controlling Interest Party	(is Class)	N/A	An entity which exercises de jure control.
De Jure Controlling Interest Party	Is a	Controlling Interest Party
De Jure Controlling Interest Party	De Jure Controlling Party identity	Involved Party	That which performs the role of De Jure Controlling Party.	Editorial Note: This may be any form of potential owning party, that is a person, legal person, legitimate organization or formal organization (anything which is able to hold and own formal ownership instruments of some sort).
De Jure Controlling Interest Party	holds some instrument of De Jure control	De Jure Controlling Interest	Legal or contractually based control exercised by the party.
Entity Control Context	(is Class)	N/A	The context whereby some party exercises some degree of control or holds some controlling interest in some Formal Organization.
Entity Control Context	Is a	Relationship Context
Entity Control Context	controlling role	Controlling Interest Party	The context of entity control involves some party (the Controlling Interest Party) which is an entity holding some controlling interest in some other party.
Entity Controlling Party	(is Class)	N/A	Some party which is able to direct the activities of some business entity.	Editorial Note: This type of party is either asserted to be the case by the entity itself or some other party, or is determined through some analysis or calculation based on the available information about controlling interests.	de facto controlling party
Entity Controlling Party	Is a	Controlling Party
Entity Controlling Party	Entity Controlling Party identity	Involved Party	That which is able to be the Entity Controlling Party. ¦Scope Note: It is assumed that since control follows from some form of ownership or contractual instrument, that the range of entities which may fulfil this party role is the same as that for entity ownership, namely "Involved Party"; that is, a logical union of natural persons, legal persons and formal organizations.
Entity Controlling Party	exercises some degree of	De Facto Control	Exercises, either alone or in equal degree with other such parties, some degree of De Facto Control over the entity in respect of which this party is defined.
Entity Controlling Party	exercises some degree of control over	Formal Organization	The party exercises some degree of control over the Formal Organization.	Editorial Note: This party term is defined in terms of the actual control exercised over the entity, rather than the instruments of control held by the party.
Entity Percentage And Type Controlling Party	(is Class)	N/A	Some individual entity which is able to direct the affairs of some business organization to a specific degree.	Editorial Note: The degree to which the party has control of (is able to direct the activities of) the organization in question is defined as a percentage value where one hundred percent would equate to control without the involvement of others. The percentage of control is a calculated, determined or asserted value, and not necessarily a percentage of some controlling interest, though in the absence of other factors the determination of percentage of control would equate to the percentage of controlling interest e.g. voting shares held.
Entity Percentage And Type Controlling Party	Is a	Entity Controlling Party
Entity Percentage And Type Controlling Party	exercises type of	Limited De Facto Control	The type of control for which the party has the stated percentage.	Editorial Note: Assertions or analysis may produce the result that a given entity is said to assert a percentage of some control - this is necessarily defined as a percentage of a given kind of control, defined in terms of a given kind of activity which the controlled entity may be made to perform on the basis of that control. This relationship defines the type of control in question.
Entity Percentage And Type Controlling Party	Percentage De Facto Control	percentage	The percentage of control which the party is deemed or calculated as being able to exercise over the controlled entity.
Equity Based De Jure Control	(is Class)	N/A	De Jure controlling interest in an entity which is based on the holding of some form of equity in that entity.
Equity Based De Jure Control	Is a	Constitutional De Jure Control
Individual Controlling Party	(is Class)	N/A	Some individual entity which is able to direct the affairs of some business organization to some degree.
Individual Controlling Party	Is a	Entity Controlling Party
Influence Based De Facto Control	(is Class)	N/A	Some influence and control over some entity other than by means of investment in that entity.
Influence Based De Facto Control	Is a	De Facto Control
Influence Based De Facto Controlling Party	(is Class)	N/A	A party which exercises some influence and control over the entity other than by means of investment.	Editorial Note: Regulatory or jurisdictional control would fall under this control. Court appointed control is de jure control BUT the scenario in which a government takes over something and then hands it over to some new de jure controller i.e. administrator - in the meantime this is de facto control by e.g. the government.
Influence Based De Facto Controlling Party	Is a	De Facto Controlling Interest Party
Influence Based De Facto Controlling Party	exercises some Influence Based De Facto Control	Influence Based De Facto Control	Exercises some influence and control other than by means of investment.
Investment Based De Facto Control	(is Class)	N/A	Control which arises through some investment in some entity, other than as the holding of "constitutional" equity (shares etc.) in that entity.
Investment Based De Facto Control	Is a	De Facto Control
Investment Based De Facto Control	based on Investment Equity	Investment Equity	Investment Based De Facto Control is based on the holding of some Investment Equity by some party.
Investment Based De Facto Controlling Interest Party	(is Class)	N/A	A party which exercises some degree of de facto control based on some investment which they hold in the entity.
Investment Based De Facto Controlling Interest Party	Is a	De Facto Controlling Interest Party
Investment Based De Facto Controlling Interest Party	Is a	Investment Owning Party
Investment Based De Facto Controlling Interest Party	exercises investment based de facto control	Investment Based De Facto Control	The party exercises some degree of de facto control based on some investment which they hold in the entity.
Joint Controlling Party	(is Class)	N/A	Some group of entities which collectively are able to direct the affairs of some business organization.	Editorial Note: In this case, the identity of that which exercises that control, is not one individual entity but a group of such entities. These must be the same kinds of entity that may be in a position to exert such control individually, i.e. those kinds of entity which may hold voting shares or other controlling interests.
Joint Controlling Party	Is a	Entity Controlling Party
Joint Controlling Party	Joint Controlling Party identity	Controlling Alliance	The identity of the Party is some group of entities which have formed some alliance or agreement in terms of which they jointly exercise control over the controlled organization.
Joint Controlling Party	mutually exclusive	Individual Controlling Party
Limited De Facto Control	(is Class)	N/A	The ability to direct the affairs of some entity within prescribed limits. Those limits are described in terms of activities which the entity holding such control may cause the controlled entity to carry out.
Limited De Facto Control	Is a	De Facto Control
Limited De Facto Control	control is in respect to	Activity	The activity in terms of which the Limited De Facto Control is defined; that is the activity or activities which the entity holding such control is able to compel or constrain on the part of the entity so controlled.	Editorial Note: Defines a kind of control which may be described in percentage terms or otherwise, as being control other than absolute, and therefore needing to be defined in terms of what are the activities on the part of the controlled entity, which the entity holding this control is able to direct the entity to do or not do. Scope Note: This is the basic relationship to "any" kind of activity; to define specific kinds of control one needs to define specific kinds of activity such as the ability to hire or replace executives, the ability to alter the capital structure of the entity, and so on. Types of control defined in terms of activities which regulators or (via statute), sovereigns may compel or prevent an entity doing, would also be framed in terms of extensions to the "Activity" and refinements of this relationship (either as sub-properties of or as restrictions on this relationship).
Majority Controlling Party	(is Class)	N/A	A parent of a specified person is an affiliate controlling such person directly, or indirectly through one or more intermediaries	Editorial Note: This is a party for which it has been concluded or asserted (by that entity or others) that it has total control of the entity in question, and that no other party exercises some other control in conjunction with it. Scope Note: This is a type of "Entity Percentage And Type Controlling Party" where the value of the "Percentage Control" property is 100% for the or all types of control which may exist. Definition adapted from: eCFR = Parent	parent
Majority Controlling Party	Is a	Affiliate
Majority Controlling Party	Is a	Individual Controlling Party
Majority Controlling Party	DefinitionAdaptedFrom	http://www.ecfr.gov/cgi-bin/retrieveECFR?gp=1&SID=156b3a57ae63855b0de1b32e322c998a&ty=HTML&h=L&r=PART&n=17y2.0.1.1.8#17:2.0.1.1.8.0.17.2
Majority Controlling Party	exercises majority of	De Facto Control	Exercises, either alone or in equal degree with other such parties, majority De Facto Control over the entity in respect of which this party is defined.
Party Holding Some Option for Control	(is Class)	N/A	Some party holding the option to exercise some De Jure Controlling Interest	Editorial Note: This will result in some potential change at a future time, in the conclusions about actual control.
Party Holding Some Option for Control	Is a	Controlling Interest Party
Party Holding Some Option for Control	holds the option to exercise	De Jure Controlling Interest	Control which may optionally be exercised by the party.
Receiver	(is Class)	N/A	A party appointed by some court for the purposes of winding up the affais of some entity which is no longer solvent.
Receiver	Is a	De Jure Controlling Interest Party
Receiver	exercises Court Appointed Control	Court Appointed Control	Legal control exercised by the party, which is appointed by some court.	Editorial Note: Typically as a result of bankruptcy action.
Significant Part Controlling Interest Party	(is Class)	N/A	A person which owns a significant voting stake in this entity of between some lower significant threshold and 50%, but not 50% or more.
Significant Part Controlling Interest Party	Is a	De Jure Controlling Interest Party
Total Owner	(is Class)	N/A	Entity having 100% ownership in the entity so owned.	Editorial Note: By virtue of holding 100% of the equity ownership, the Total Owner also holds 100% of the controlling equity, if there is a difference. Therefore it is both a total owner and a total controlling party.
Total Owner	Is a	Constitutional Owing Party
Warrant Holder	(is Class)	N/A	A holder of some warrant which when exercised would confer upon that party some de jure controlling interest in some entity.
Warrant Holder	Is a	Party Holding Some Option for Control
Ontology Module: CorporationOwnershipParty
Public Shareholder	(is Class)	N/A	A party that holds publicly issued shares in a listed company. Consensus:Review
Public Shareholder	Is a	Security Holder
Public Shareholder	Is a	Shareholder
Registered Shareholder	(is Class)	N/A	A shareholder which is registered as such on the company shareholder register for that company.
Registered Shareholder	Is a	Shareholder
Share Holding	(is Class)	N/A	The holding of some Share.
Share Holding	Is a	Security Holding
Share Holding	held by	Shareholder	The holder of the shares, that is the party of which this is the shareholding.
Shareholder	(is Class)	N/A	A party owning shares in some company limited by the issue of shares.
Shareholder	Is a	Transferable Contract Holder
Shareholder	Is a	Constitutional Owing Party
Shareholder	holds some Shareholder Equity	Shareholder Equity	The shareholder holds some of the issued shareholder equity in the company, by way of the shares that they hold.
Shareholder	holds stake in	Incorporated Company	The Shareholder owns some stake in the Incorporated company for example by virtue of owning some shares. Consensus:Yes
Ontology Module: CorporationControlParty
Affiliate	(is Class)	N/A	An affiliate of, or a person affiliated with, a specific person is a person that directly, or indirectly through one or more intermediaries, controls, or is controlled by, or is under common control with, the person specified.	Editorial Note: Affiliated company: Associated or affiliated with (synonyms). Definition from BusinessDirectory.com for Associate: Firm over which another firm exercises a degree of control which is less than the degree of control exercised over a subsidiary. In accounting, such control is typically taken to mean the ownership of at least 20 percent of voting shares, and some say in the management of the associate firm. Associated companies usually have interlocking directorates to ensure they have common policies and complementary objectives. Additional Notes: Uni of Melbourne: Associate in corporations Law: one of the most important definitions in the corp law is associate. Regulate takeovers compulsory acquisitions and other transactions. Now 2 definitions which are not entirely consistent (one does not repeal the other). Associate is a person in this sense. Definition Origin: eCFR = Affiliate
Affiliate	DefinitionOrigin	http://www.ecfr.gov/cgi-bin/retrieveECFR?gp=1&SID=156b3a57ae63855b0de1b32e322c998a&ty=HTML&h=L&r=PART&n=17y2.0.1.1.8#17:2.0.1.1.8.0.17.2
Auditor	(is Class)	N/A	The auditor of the company is a public officer which is responsible for reporting on the financial situation of the company.	Editorial Note: They have power independently of the board. Power to assess the quality of the financial reports. Also has obligations to the statutory authorities in that regard. The auditor has obligations to the shareholders which are not directly to the Board. Their specific role is to supervise the board to ensure they are acting on behalf of the shareholders. To report to the shareholders on the activities of the Board. Therefore, Auditor's report is a required part of the financial reports. They are responsible for providing a "true and fair view" of the financial positions of the company. Election: Put up by the board. Appointed by the Board on behalf of the shareholders. Can be voted out by the shareholders at an AGM or EGM but the board can also put up a competitive process. Normally board elects them but the shareholders can override that selection. In general, Public Officers are appointed by the Board but can ultimately be overridden by the shareholders acting as a group. the board is their representatives.
Auditor	Is a	Company Public Officer
Company Total Owning Company	(is Class)	N/A	Formal Organization having 100% ownership in the Incorporated Company so owned.	Editorial Note: By virtue of holding 100% of the share ownership, the Company Total Owning company also holds 100% of the controlling equity, if there is a difference. Therefore it is both a total owner and a total controlling party. Scope Note: This party is also a Formal Organization (typically but not necessarily a company).
Company Total Owning Company	Is a	Over Fifty Percent Controling Interest Company
Company Total Owning Company	Is a	Total Owner
Control Owner	(is Class)	N/A	Some party which has some ownership with some control of some entity.
Control Owner	Is a	Significant Part Shareholder Company
Control Owner	Control Owner appoints	Board Member	The Control Owner has some mechanism whereby they are able to vote and approve the board, other than through the mechanisms defined elsewhere.	Editorial Note: The Board Members appoint Public Officers. The Public Officers are not necessarily exclusively responsible to the Board. All management control is delegated from the Board on behalf of the Shareholders.
Controlled Company	(is Class)	N/A	A company over which the Incorporated Company has some degree of control by way of ownership of voting shares.	Editorial Note: Other means of control exist and are not part of this defined term.
Controlled Company	Is a	Controlled Party
Controlled Company	affiliate union	Affiliate
Controlled Company	Controlled Company identity	Formal Organization	That Formal Organization which is identified as a controlled company.	Editorial Note: This forms the basis for an entity being defined as a Subsidiary.
Domestic Ultimate Parent	(is Class)	N/A	The organization which is recognized as the ultimate parent of the company within the country or jurisdiction of incorporation. This relationship may or may not be present, i.e. in the case of a company which has no parent.
Domestic Ultimate Parent	Is a	Majority Controlling Party
Global Ultimate Parent	(is Class)	N/A	The organization which is recognized as the ultimate parent of the company. This relationship may or may not be present, i.e. in the case of a company which has no parent.
Global Ultimate Parent	Is a	Majority Controlling Party
Joint Venture Partner	(is Class)	N/A	A party which has the role of Joint Venture Partner to some venture.	Editorial Note: This is part of ongoing work - legal definitions sought.
Joint Venture Partner	Is a	Entity Controlling Party
Non Wholly Owned Subsidiary	(is Class)	N/A	Definition to follow Distinction between wholly owned or not, versus what has to be consolidated into accounts.
Non Wholly Owned Subsidiary	Is a	Subsidiary
Over Fifty Percent Controling Interest Company	(is Class)	N/A	A company which owns 50 percent of the outstanding voting shares in the specified person either directly, or indirectly through one or more intermediaries.	Editorial Note: In general, 50% +1 is the criterion. Parent has evolved from subsidiary. Different ways in which something can be considered control ownership. Large numbers of stakeholders who don't vote. Also: Control in appointing directors. Scope Note: AML: Ownership levels of less than 50% are considered. Uses the language of ownership but is really addressing control. AML looks at both ownership and control. Interested in looking at where things can be manipulated in some way. Holders may have divested their apparent to others whom they in fact control. This means that control can be one step away, e.g. sons and daughters may own some controlling stake in some entity, where the named constrained individual may not legally do so. These are the control structures that AML aims to track down. Definition adapted from: eCFR = Fifty Percent Owned Person
Over Fifty Percent Controling Interest Company	Is a	Voting Shareholding Company
Over Fifty Percent Controling Interest Company	DefinitionAdaptedFrom	http://www.ecfr.gov/cgi-bin/retrieveECFR?gp=1&SID=156b3a57ae63855b0de1b32e322c998a&ty=HTML&h=L&r=PART&n=17y2.0.1.1.8#17:2.0.1.1.8.0.17.2
Over Fifty Percent Controling Interest Company	has majority controlling interest in	Incorporated Company	The Incorporated Company in which the party holds fifty percent or more of the voting share equity.
Significant Part Shareholder Company	(is Class)	N/A	A company which owns a significant voting stake in this company but not 50% or more.
Significant Part Shareholder Company	Is a	Voting Shareholding Company
Significant Part Shareholder Company	Is a	Significant Part Controlling Interest Party
Significant Part Shareholder Company	company has significant controlling interest in	Incorporated Company	synonym = has associate	The Incorporated Company in which the party holds a significant proportion (but not fifty percent or more) of the voting share equity.
Subsidiary	(is Class)	N/A	A subsidiary of a specified person is an affiliate controlled by such person directly, or indirectly through one or more intermediaries.	Editorial Note: As modeled here, this equates to control by way of the ownership of voting shares. Other means of control exist which are not modeled in this term and which may also be relevant to the legal definition of Subsidiary. Definition Origin: eCFR = Subsidiary
Subsidiary	Is a	Controlled Company
Subsidiary	DefinitionOrigin	http://www.ecfr.gov/cgi-bin/retrieveECFR?gp=1&SID=156b3a57ae63855b0de1b32e322c998a&ty=HTML&h=L&r=PART&n=17y2.0.1.1.8#17:2.0.1.1.8.0.17.2
Voting Share Holding	(is Class)	N/A	The holding of some Voting Share.
Voting Share Holding	Is a	Share Holding
Voting Share Holding	held by	Voting Shareholder	The holder of the Voting Shares, that is the party of which this is the shareholding and which therefore enjoys the voting rights thereof.
Voting Shareholder	(is Class)	N/A	A party owning voting shares in some company limited by the issue of shares.
Voting Shareholder	Is a	Shareholder
Voting Shareholder	Is a	De Jure Controlling Interest Party
Voting Shareholder	exercises Equity Based De Jure Control	Equity Based De Jure Control	A Voting Shareholder exercise some Equity Based de jure control in the entity for which they hold those shares.
Voting Shareholder	has voting rights	Voting Right	The Voting Shareholder holds certain Voting Rights as a consequence of their holding of those shares.
Voting Shareholder	holds some	Voting Share	Voting Shareholder is the holder of some Voting Share.
Voting Shareholder	holds voting stake in	Incorporated Company	The shareholder holds some voting stake in the Incorporated Company, by means of their holding of voting shares.
Voting Shareholder	Voting Shareholder exercises	Constitutional De Jure Control	The shareholder exercises control as a result of their holding voting equity, a form of constitutional control.
Voting Shareholder	Voting Shareholder votes and approves	Board Member	The shareholders approve and vote for the members of the Board.	Editorial Note: The bylaws give the manner in which that process is effected. The candidate members may be suggested by the Board and are then voted for by the Shareholder. There is typically a committee for trustees or something, to do that.
Voting Shareholding Company	(is Class)	N/A	An Incorporated Company which holds voting shares in some Incorporated Company.	Editorial Note: This Party forms the basis of the parties defined according to specific percentages of ownership. This term itself defines any company which owns any number of voting shares in the other company, whether it is one share or 100%. Terms like Affiliate (for less than or equal to 50%) and Part Owner (for more than 50%) are specializations of this.
Voting Shareholding Company	Is a	Voting Shareholder
Voting Shareholding Company	company has some controlling interest in	Incorporated Company	A company in which the voting shareholding company owns some voting equity stake. Consensus:Review
Voting Shareholding Company	Shareholding Company identity	Formal Organization	The Shareholding Company is a Formal Organization.	Editorial Note: This may be any Body Corporate, including other Incorporated Companies, but also may be a Trust or other non incorporated Formal Organization. Scope Note: This is the defining fact about the party which is a Shareholding Company. All the types of party which are derived from this, are defined as not only being shareholders, but also being themselves Formal Organizations.
Wholly Owned Subsidiary	(is Class)	N/A	The term wholly owned subsidiary means a subsidiary substantially all of whose outstanding voting shares are owned by its parent and/or the parent's other wholly owned subsidiaries. ¦Definition Origin: eCFR = Wholly Owned Subsidiary Consensus:Yes
Wholly Owned Subsidiary	Is a	Subsidiary
Wholly Owned Subsidiary	DefinitionOrigin	http://www.ecfr.gov/cgi-bin/retrieveECFR?gp=1&SID=156b3a57ae63855b0de1b32e322c998a&ty=HTML&h=L&r=PART&n=17y2.0.1.1.8#17:2.0.1.1.8.0.17.2
Ontology Module: Executive
Board Capacity	(is Class)	N/A	The capacity which resides in the Board of Directors of a company.
Board Capacity	Is a	Delegated Legal Authority
Board Capacity	Board Capacity is conferred by	ONE OF Incorporated Company Bylaw OR Board Agreement	The instrument which confers the Board Capacity. This is either the Company By-laws or the Board Agreement.	Editorial Note: The precise instrument by which the capacity is conferred vary from one capacity to another, i.e. some will be defined in the By-laws and others will be defined in the Board Agreement.
Board Member	(is Class)	N/A	A person who is a member of the Board of Directors of some Incorporated company.	Editorial Note: Define sub-types e.g. executive and non executive board member May include independents who come in from other companies. Legal responsibilities of Board Member. Example: allegation that corp has misappropriated funds. Then company officers are sued not just any board member. However, if corporation is sued they are liable. Would be going after officers specifically because of their responsibilities, but can also go after the corporation whereof the board members are responsible. See "Piercing the corporate veil".SarbOx etc.	Director
Board Member	Is a	Legally Delegated Authority
Board Member	Director identity	Legal Person	A board member (director) is typically a Natural Person, but may be any Legal Person.	Editorial Note: Board Member is synonymous with Director. In most jurisdictions e.g. those in the US, a director has to be a natural person. in the UK only an Incorporated Company or a natural person can be a board member. That is, if you are NOT a Natural Person, you have to be one of a very small sub-set of types of legal person namely anything which is legally Incorporated (any Body Corporate in this model).
Bylaw	(is Class)	N/A	The bylaws of some commercial or other registered enterprise.
Bylaw	Is a	Law
Chief Executive Officer	(is Class)	N/A	Some person performing the role of Chief Executive Officer of a company, with the responsibilities and rights defined for that party in the relevant statutes.
Chief Executive Officer	Is a	Company Public Officer
Chief Executive Officer	Is a	Executive Board Member
Chief Financial Officer	(is Class)	N/A	Some person performing the role of Chief Financial Officer of a company, with the responsibilities and rights defined for that party in the relevant statutes.
Chief Financial Officer	Is a	Company Public Officer
Chief Financial Officer	Is a	Executive Board Member
Company Board	(is Class)	N/A	The group of entities defined as being the Board of Directors of the company.
Company Board	Is a	Collection
Company Board	Board appoints Corporate Officers	Company Public Officer	The board of the company has the power to appoint the individuals who are to be the public officers of the company.
Company Board	Company Board has vested in it	Board Capacity	The board of a company has some legal capacity vested in it.
Company Board	has member	Board Member	The board has a number of members who collectively exercise the powers of that board.
Company Bylaw	(is Class)	N/A	A by-law of a company.
Company Bylaw	Is a	Bylaw
Company Bylaw	Is a	UNION OF Instrument Of Incorporation AND Incorporated Company Bylaw
Company Bylaw	Is a	ONE OF Incorporated Company Bylaw OR Board Agreement
Company Law	(is Class)	N/A	The law dealing with companies in a given jurisdiction.
Company Law	Is a	Statute Law
Company Public Officer	(is Class)	N/A	Some party which is recognized by law as having the role and responsibilities defined for a Public Officer as described in that law.
Company Public Officer	Is a	Responsible Party
Company Public Officer	has some statutory duty	Company Public Officer Duty	The Company Public Officer is party to some formally defined Public Officer Duty as set out on the relevant piece of Company Law.
Company Public Officer	is party to some Company Statutory Obligation	Company Statutory Obligation	The Company Public Officer is party to some statutory obligations as mandated by the applicable body of Company Law.
Company Public Officer	is signatory	Signatory	The party which is a Company Public Officer is also defined as being a signatory in respect of the entity, that is the officer is able to sign agreements on the part of that entity.
Company Public Officer	Public Officer has vested in it	Company Public Officer Capacity	The public officer of a company has some formal capacity vested in them.
Company Public Officer	Public Officer identity	Natural Person	That which is the Public Officer. This must be a natural person and also must be an adult.
Company Public Officer Capacity	(is Class)	N/A	The capacity vested in a public officer of a company.	Editorial Note: This is framed as a capacity: Individual act i their capacity of the role as CFO, CEO etc. but their legal liability rests in their relationship with the board itself i.e. comes from their membership on the board from a corporate standpoint. Scope Note: Originally framed with reference to Incorporated company, this term and its related terms have been re-framed as applying to any Body Corporate. May be specialized for Incorporated Companies and other Bodies Corporate at some future point.
Company Public Officer Capacity	Is a	Delegated Legal Authority
Company Public Officer Capacity	Company Officer Legal Capacity conferred by	UNION OF Instrument Of Incorporation AND Incorporated Company Bylaw	synonym =	The capacity of the public officer is conferred by one or another ot the company legal form documentation (articles of association or equivalent) or some company by-law.
Company Public Officer Capacity	defined by	Company Law	The legal capacity of the Public Officer is set out in some piece of Company Law.
Company Public Officer Duty	(is Class)	N/A	Some duty incumbent upon some public officer of a company.
Company Public Officer Duty	Is a	Statutory Responsibility
Company Public Officer Duty	mandated by Company Law	Company Law	The duties of a Company Public Officer are mandated by some applicable piece of Company Law.
Company Secretary	(is Class)	N/A	Formal definition required	Editorial Note: Functionary but also a signer of documentation in the company. Does not have powers to do anything without instruction from the board. The role arises from legal obligations imposed by the company. responsible to legislative authorities for the company meeting those legal obligations. Role is that they gain a degree of control but only in the fact that they must report according to rules established by their legislative jurisdiction. Example: Delaware: you need a designated corporate secretary who is responsible for submitting certain documents etc.
Company Secretary	Is a	Company Public Officer
Executive	(is Class)	N/A	Some person in whom some level of management control of some organization has been conferred. Further Notes The owners of a business delegate their controlling parties ot controlling parties which gives them the right to control. These rights are reassigned by the creditors in the event of a business being under receivership.
Executive	Is a	Legally Delegated Authority
Executive	Executive identity	Natural Person	The Executive is some adult human being.
Executive Board Member	(is Class)	N/A	Some person performing the role of a Board Member of a company, and being one with some executive responsibilities within that company.		Executive Director
Executive Board Member	Is a	Board Member
Executive Board Member	Is a	Executive
Legally Delegated Authority	(is Class)	N/A	A party having some legal control of some entity.
Legally Delegated Authority	Is a	Party
Legally Delegated Authority	has delegated control of	Formal Organization	An organization of which this organization has control via some management structure.	Editorial Note: Any distinction between board level voting rights control versus managerial control is not part of this definition. Term Origin:SMER Definition Origin:SMER
Legally Delegated Authority	has vested in it	Delegated Legal Authority	A Delegated Legal Authority is one which has the legal capacity of Delegated Legal Authority vested in it.
Legally Delegated Authority	Legally Delegated Authority identity	Legal Person	That which is in the role of Legally Controlling Party. This must be a Legal Person.
Non Executive Board Member	(is Class)	N/A	Some person performing the role of a Board Member of a company, and having no executive responsibilities towards the running of the company.		Non Executive Director
Non Executive Board Member	Is a	Board Member
ONE OF Incorporated Company Bylaw OR Board Agreement	(is Logical Union)	N/A	Company By-law or a Board Agreement.
Responsible Party	Is a	Party
Responsible Party	is party to some	Duty	The Responsible Party is deemed to be such because it is party to some formally defined Duty.
Responsible Party	Responsible Party identity	Natural Person	The Responsible Party must be some Natural Person.	Editorial Note: This is the kind of party for whom specific responsibilities are set out in law, and which must be natural persons charged with those responsibilities on behalf of some entity.
Ontology Module: BERelations
Model Section: FunctionalEntity
Ontology Module: FunctionalCore
Benefit Corporation	(is Class)	N/A	Corporation set up under specific state legislation to provide some stated societal benefit, and with some corresponding relaxation of the obligation to maximize shareholder return.	Editorial Note: This is a US-specific type of entity defined in new and emerging legislation in the US states of California, Hawaii, Virginia, Maryland, Vermont, New Jersey. Additional upcoming legislation (as at November 2011) in Colorado, New York, North Carolina, Pennsylvania, Michigan. Much of the description is framed in terms of the role of the entity rather than its nature, however the legislation specifically relaxes or otherwise changes the basic parameters of the Incorporated Company structure (for example relaxing the requirement to maximize shareholder return) It may therefore be more correct to define this as a type of Incorporated Company not a role that one sits in. Having said this, B Corporations are certified by a certifying body (B Lab), which impies that they already exist and are granted a status in a similar way to that granted to non profit enterprises. Therefore at present this is defined as a status which an Incorporated Company may attain. Web reference: www.bcorporation.net Term Origin:www.bcorporation.net Definition Origin:SR Draft
Benefit Corporation	Is a	Functional Business Entity
Benefit Corporation	Benefit Corporation takes form of	Incorporated Company	The Benefit Corporation takes the legal form of an Incorporated Company.
Business	(is Class)	N/A	Some entity set up for the purposes of carrying out some commercial activities for profit.
Business	Is a	Functional Business Entity
Business	Business constituted as	Autonomous Agent	A Business is constituted as some Autonomous Agent.	Editorial Note: Businesses are usually constituted as formal organizations, however a sole trader may also be a business, in which case the business is constituted as a Natural Person.
Business	engages in	Commercial Activity	A business is some entity which engages in some Commercial Activity.
Business	has commercial identity	Brand Name	A name or identity by which a business organization is known for marketing and communication purposes. This may or may not be the same as the name of the organization. Consensus:Review
Commerce	(is Class)	N/A	The activity of buying and selling goods.
Commerce	Is a	Commercial Activity
Commercial Activity	(is Class)	N/A	The context of carrying out trade and other comercial i.e. for-profit activities.	Editorial Note: This is the context which distinguishes "businesses" or commercial organizations from organizations in general, the latter including government, trans-national and non profit organizations. Note that these distinctions are usually made with reference to these kinds of context and are not necessarily reflected in the structure of those organizations.
Commercial Activity	Is a	Business Context
Cooperative Society	(is Class)	N/A	A commercial enterprise owned and managed by and for the benefit of customers or workers.
Cooperative Society	Is a	Functional Business Entity
Family Office	(is Class)	N/A	Family Office as defined in the relevant legislation.
Family Office	Is a	Functional Business Entity
Functional Business Entity	(is Class)	N/A	A business entity defined in terms of its function.	Editorial Note: The key distinguishing feature of a Functional Business Entity is that it may itself be constituted as some kind of Business Entity or Legal Entity, but the definition of this entity does not depend on it always having one specific legal structure (for exanple always being a limited company). This would define for example a bank, a special purpose vehicle, most government bodies and so on.
Functional Business Entity	Is a	Relative Business Entity
Functional Business Entity	Functional Business Entity takes form of	Autonomous Agent	The form which a Functional Business Entity takes. This may be any Autonomous Agent.
Merchant	(is Class)	N/A	A business entity engaged in a trading activity. Fuether Notes: Defined in terms of its role.
Merchant	Is a	Business
Merchant	Merchant engages in	Commerce	The activity for which the Merchant is set up, is commerce, that is the purchase and sale of goods.
Non Profit Organization	(is Class)	N/A	An organization which exists for some purpose other than to make a profit for its participants.	Editorial Note: A non profit or charitable public or private foundation is a legal entity Action; needs a relationship to Legal Entity. Which is not a human being. Need non human legal entity scope formally defined. Probably has a board of directors.
Non Profit Organization	Is a	Functional Business Entity
Non Profit Organization	Non Profit takes form	Formal Organization	A non profit or charitable public or private foundation takes the form of a legal entity. Further Notes Per Wikipedia it is necessarily a Legal Entity. "Foundation" is this a kind of legal entity separate from the ones already defined, or another word for a kind of functional entity? ¦Term Origin:SME Review Definitin Origin:Wikipedia adapted
Sole Proprietorship	(is Class)	N/A	A business structure in which an individual and his/her company are considered a single entity for tax and liability purposes.	Editorial Note: A sole proprietorship is a company which is not registered with the state as a limited liability company or corporation. The owner does not pay income tax separately for the company, but he/she reports business income or losses on his/her individual income tax return. The owner is inseparable from the sole proprietorship, so he/she is liable for any business debts. Also called proprietorship. Definition Origin:Investorwords.com
Sole Proprietorship	Is a	Business
Sole Proprietorship	Sole Proprietorship has proprietor	Natural Person	The person who is the proprietor or sole trader who is identified as the business. Note: Added after reviews. Captures one case where a Business Organization may have only one member, as noted at review. Consensus:Review
Ontology Module: SPV
SPV Purpose Selection	(is Class)	N/A	The reason that an SPV was set up.	Editorial Note: This is used to identify different kinds of SPV which may have different detailed facts about them; however in general all SPVs are much the same. Term Origin:MB Definition Origin:MB Draft
SPV Purpose Selection	Debt		SPV set up to issue debt instruments such as for structured finance. Consensus:Review
SPV Purpose Selection	Fund		SPV set up for fund management Conesnsus:Review
SPV Purpose Selection	Securities Issuance		The SPV is set up to issue securities. Consensus:Review
Special Purpose Vehicle	(is Class)	N/A	A Special Purpose Vehicle (SPV) set up specifically to issue a security or securities. It is set up by a company or a group of companies for some purpose such as to create instruments that are off the company's balance sheet or to issue Participation Notes for investors in another jurisdiction. The SPV is formed for a specific reason and exists for a specific period of time and is then disbanded.	Editorial Note: Special Purpose Vehicles are also referred to as bankruptcy remote entities, as they isolate financial risk. For Participation Notes: slightly different purpose but the same kind of vehicle. The only investment made by the SPV is that they buy in the stock. These are the same kind of entity in all of the contexts in which they exist. Term Origin: SR Modeling Definition Origin: SR Draft	Special Purpose Entity
Special Purpose Vehicle	Is a	Functional Business Entity
Special Purpose Vehicle	constituted as	Formal Organization	The Special Purpose Vehicle is constituted as some kind of Formal Organization. Further Notes: This may be a company incorporated by shares, a limited liability company or some other form of legal entity, including legal person and non incorporated formal organization. These are usually limited in their articles as to what they can do. It is as this entity that the SPV is able to be party to contracts and incur debts. Note that although the model shows that this is any kind of legal entity, it cannot be an individual adult human being, although this is also a legal person. ¦Term Origin: SR Modeling ¦Definition Origin: SR Draft Consensus:Action
Special Purpose Vehicle	holds	Pool	A Special Purpose Vehicle always holds some kind of pool. This may be a debt pool, an asset pool (fund) or some pool of securities from which it issues Participation Notes. ¦Term Origin:EDMC SR Reviews ¦Definition Origin:MB Draft Consensus:Review
Special Purpose Vehicle	sponsored by	Legal Person	The entity which is the creator and servicer of the SPV. Notes: To protect investors from possible bankruptcy of the corporation, there are three legal safeguards: - Transfer of assets from the corporation is a non-recourse, true sale. - Investors receive a perfected interest in the assets' cash flows. - A non-consolidation legal opinion is obtained certifying that assets of the trust or special purpose vehicle cannot be consolidated with the corporation's assets in the event of bankruptcy. ¦Definition Origin: riskglossary.com Consensus:Review
Special Purpose Vehicle	Intended Liquidation Date	date	The date on which the SPV is scheduled to be disbanded and wound up. ¦Term Origin:EFAMA DD = LiquidationDate ¦Definition Origin:SMER Consensus:Review
Special Purpose Vehicle	Purpose	SPV Purpose Selection	The purpose for which the SPV is set up. ¦Term Origin: SR Modeling ¦Definition Origin: SR Draft Consensus:Review