-
Notifications
You must be signed in to change notification settings - Fork 0
/
Copy pathLoans.rdf
749 lines (702 loc) · 48 KB
/
Loans.rdf
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
205
206
207
208
209
210
211
212
213
214
215
216
217
218
219
220
221
222
223
224
225
226
227
228
229
230
231
232
233
234
235
236
237
238
239
240
241
242
243
244
245
246
247
248
249
250
251
252
253
254
255
256
257
258
259
260
261
262
263
264
265
266
267
268
269
270
271
272
273
274
275
276
277
278
279
280
281
282
283
284
285
286
287
288
289
290
291
292
293
294
295
296
297
298
299
300
301
302
303
304
305
306
307
308
309
310
311
312
313
314
315
316
317
318
319
320
321
322
323
324
325
326
327
328
329
330
331
332
333
334
335
336
337
338
339
340
341
342
343
344
345
346
347
348
349
350
351
352
353
354
355
356
357
358
359
360
361
362
363
364
365
366
367
368
369
370
371
372
373
374
375
376
377
378
379
380
381
382
383
384
385
386
387
388
389
390
391
392
393
394
395
396
397
398
399
400
401
402
403
404
405
406
407
408
409
410
411
412
413
414
415
416
417
418
419
420
421
422
423
424
425
426
427
428
429
430
431
432
433
434
435
436
437
438
439
440
441
442
443
444
445
446
447
448
449
450
451
452
453
454
455
456
457
458
459
460
461
462
463
464
465
466
467
468
469
470
471
472
473
474
475
476
477
478
479
480
481
482
483
484
485
486
487
488
489
490
491
492
493
494
495
496
497
498
499
500
501
502
503
504
505
506
507
508
509
510
511
512
513
514
515
516
517
518
519
520
521
522
523
524
525
526
527
528
529
530
531
532
533
534
535
536
537
538
539
540
541
542
543
544
545
546
547
548
549
550
551
552
553
554
555
556
557
558
559
560
561
562
563
564
565
566
567
568
569
570
571
572
573
574
575
576
577
578
579
580
581
582
583
584
585
586
587
588
589
590
591
592
593
594
595
596
597
598
599
600
601
602
603
604
605
606
607
608
609
610
611
612
613
614
615
616
617
618
619
620
621
622
623
624
625
626
627
628
629
630
631
632
633
634
635
636
637
638
639
640
641
642
643
644
645
646
647
648
649
650
651
652
653
654
655
656
657
658
659
660
661
662
663
664
665
666
667
668
669
670
671
672
673
674
675
676
677
678
679
680
681
682
683
684
685
686
687
688
689
690
691
692
693
694
695
696
697
698
699
700
701
702
703
704
705
706
707
708
709
710
711
712
713
714
715
716
717
718
719
720
721
722
723
724
725
726
727
728
729
730
731
732
733
734
735
736
737
738
739
740
741
742
743
744
745
746
747
748
749
<?xml version="1.0" encoding="UTF-8"?>
<!DOCTYPE rdf:RDF [
<!ENTITY cmns-av "https://www.omg.org/spec/Commons/AnnotationVocabulary/">
<!ENTITY cmns-cls "https://www.omg.org/spec/Commons/Classifiers/">
<!ENTITY cmns-col "https://www.omg.org/spec/Commons/Collections/">
<!ENTITY cmns-cxtdsg "https://www.omg.org/spec/Commons/ContextualDesignators/">
<!ENTITY cmns-doc "https://www.omg.org/spec/Commons/Documents/">
<!ENTITY cmns-dt "https://www.omg.org/spec/Commons/DatesAndTimes/">
<!ENTITY cmns-pts "https://www.omg.org/spec/Commons/PartiesAndSituations/">
<!ENTITY cmns-qtu "https://www.omg.org/spec/Commons/QuantitiesAndUnits/">
<!ENTITY dcterms "http://purl.org/dc/terms/">
<!ENTITY fibo-fbc-dae-dbt "https://spec.edmcouncil.org/fibo/ontology/FBC/DebtAndEquities/Debt/">
<!ENTITY fibo-fbc-dae-gty "https://spec.edmcouncil.org/fibo/ontology/FBC/DebtAndEquities/Guaranty/">
<!ENTITY fibo-fbc-fct-ra "https://spec.edmcouncil.org/fibo/ontology/FBC/FunctionalEntities/RegistrationAuthorities/">
<!ENTITY fibo-fbc-fi-fi "https://spec.edmcouncil.org/fibo/ontology/FBC/FinancialInstruments/FinancialInstruments/">
<!ENTITY fibo-fbc-pas-caa "https://spec.edmcouncil.org/fibo/ontology/FBC/ProductsAndServices/ClientsAndAccounts/">
<!ENTITY fibo-fbc-pas-fpas "https://spec.edmcouncil.org/fibo/ontology/FBC/ProductsAndServices/FinancialProductsAndServices/">
<!ENTITY fibo-fnd-acc-cur "https://spec.edmcouncil.org/fibo/ontology/FND/Accounting/CurrencyAmount/">
<!ENTITY fibo-fnd-agr-ctr "https://spec.edmcouncil.org/fibo/ontology/FND/Agreements/Contracts/">
<!ENTITY fibo-fnd-arr-asmt "https://spec.edmcouncil.org/fibo/ontology/FND/Arrangements/Assessments/">
<!ENTITY fibo-fnd-arr-doc "https://spec.edmcouncil.org/fibo/ontology/FND/Arrangements/Documents/">
<!ENTITY fibo-fnd-oac-own "https://spec.edmcouncil.org/fibo/ontology/FND/OwnershipAndControl/Ownership/">
<!ENTITY fibo-fnd-pas-psch "https://spec.edmcouncil.org/fibo/ontology/FND/ProductsAndServices/PaymentsAndSchedules/">
<!ENTITY fibo-fnd-rel-rel "https://spec.edmcouncil.org/fibo/ontology/FND/Relations/Relations/">
<!ENTITY fibo-fnd-utl-av "https://spec.edmcouncil.org/fibo/ontology/FND/Utilities/AnnotationVocabulary/">
<!ENTITY fibo-loan-ln-ln "https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans/">
<!ENTITY owl "http://www.w3.org/2002/07/owl#">
<!ENTITY rdf "http://www.w3.org/1999/02/22-rdf-syntax-ns#">
<!ENTITY rdfs "http://www.w3.org/2000/01/rdf-schema#">
<!ENTITY skos "http://www.w3.org/2004/02/skos/core#">
<!ENTITY xsd "http://www.w3.org/2001/XMLSchema#">
]>
<rdf:RDF xml:base="https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans/"
xmlns:cmns-av="https://www.omg.org/spec/Commons/AnnotationVocabulary/"
xmlns:cmns-cls="https://www.omg.org/spec/Commons/Classifiers/"
xmlns:cmns-col="https://www.omg.org/spec/Commons/Collections/"
xmlns:cmns-cxtdsg="https://www.omg.org/spec/Commons/ContextualDesignators/"
xmlns:cmns-doc="https://www.omg.org/spec/Commons/Documents/"
xmlns:cmns-dt="https://www.omg.org/spec/Commons/DatesAndTimes/"
xmlns:cmns-pts="https://www.omg.org/spec/Commons/PartiesAndSituations/"
xmlns:cmns-qtu="https://www.omg.org/spec/Commons/QuantitiesAndUnits/"
xmlns:dcterms="http://purl.org/dc/terms/"
xmlns:fibo-fbc-dae-dbt="https://spec.edmcouncil.org/fibo/ontology/FBC/DebtAndEquities/Debt/"
xmlns:fibo-fbc-dae-gty="https://spec.edmcouncil.org/fibo/ontology/FBC/DebtAndEquities/Guaranty/"
xmlns:fibo-fbc-fct-ra="https://spec.edmcouncil.org/fibo/ontology/FBC/FunctionalEntities/RegistrationAuthorities/"
xmlns:fibo-fbc-fi-fi="https://spec.edmcouncil.org/fibo/ontology/FBC/FinancialInstruments/FinancialInstruments/"
xmlns:fibo-fbc-pas-caa="https://spec.edmcouncil.org/fibo/ontology/FBC/ProductsAndServices/ClientsAndAccounts/"
xmlns:fibo-fbc-pas-fpas="https://spec.edmcouncil.org/fibo/ontology/FBC/ProductsAndServices/FinancialProductsAndServices/"
xmlns:fibo-fnd-acc-cur="https://spec.edmcouncil.org/fibo/ontology/FND/Accounting/CurrencyAmount/"
xmlns:fibo-fnd-agr-ctr="https://spec.edmcouncil.org/fibo/ontology/FND/Agreements/Contracts/"
xmlns:fibo-fnd-arr-asmt="https://spec.edmcouncil.org/fibo/ontology/FND/Arrangements/Assessments/"
xmlns:fibo-fnd-arr-doc="https://spec.edmcouncil.org/fibo/ontology/FND/Arrangements/Documents/"
xmlns:fibo-fnd-oac-own="https://spec.edmcouncil.org/fibo/ontology/FND/OwnershipAndControl/Ownership/"
xmlns:fibo-fnd-pas-psch="https://spec.edmcouncil.org/fibo/ontology/FND/ProductsAndServices/PaymentsAndSchedules/"
xmlns:fibo-fnd-rel-rel="https://spec.edmcouncil.org/fibo/ontology/FND/Relations/Relations/"
xmlns:fibo-fnd-utl-av="https://spec.edmcouncil.org/fibo/ontology/FND/Utilities/AnnotationVocabulary/"
xmlns:fibo-loan-ln-ln="https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans/"
xmlns:owl="http://www.w3.org/2002/07/owl#"
xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#"
xmlns:rdfs="http://www.w3.org/2000/01/rdf-schema#"
xmlns:skos="http://www.w3.org/2004/02/skos/core#"
xmlns:xsd="http://www.w3.org/2001/XMLSchema#">
<owl:Ontology rdf:about="https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans/">
<rdfs:label>Loans Ontology</rdfs:label>
<dcterms:abstract>This ontology is the top-level, and most fundamental ontology for the LOAN module, extending the Debt ontology to define concepts common to all loans. It includes the primary obligations to fund the loan and to pay it back according to payment schedules. Kinds of loans covered in this ontology include open and closed end, secured and unsecured.</dcterms:abstract>
<dcterms:license rdf:datatype="&xsd;anyURI">https://opensource.org/licenses/MIT</dcterms:license>
<owl:imports rdf:resource="https://spec.edmcouncil.org/fibo/ontology/master/2024Q1/FBC/DebtAndEquities/Debt/"/>
<owl:imports rdf:resource="https://spec.edmcouncil.org/fibo/ontology/master/2024Q1/FBC/DebtAndEquities/Guaranty/"/>
<owl:imports rdf:resource="https://spec.edmcouncil.org/fibo/ontology/master/2024Q1/FBC/FinancialInstruments/FinancialInstruments/"/>
<owl:imports rdf:resource="https://spec.edmcouncil.org/fibo/ontology/master/2024Q1/FBC/FunctionalEntities/RegistrationAuthorities/"/>
<owl:imports rdf:resource="https://spec.edmcouncil.org/fibo/ontology/master/2024Q1/FBC/ProductsAndServices/ClientsAndAccounts/"/>
<owl:imports rdf:resource="https://spec.edmcouncil.org/fibo/ontology/master/2024Q1/FBC/ProductsAndServices/FinancialProductsAndServices/"/>
<owl:imports rdf:resource="https://spec.edmcouncil.org/fibo/ontology/master/2024Q1/FND/Accounting/CurrencyAmount/"/>
<owl:imports rdf:resource="https://spec.edmcouncil.org/fibo/ontology/master/2024Q1/FND/Agreements/Agreements/"/>
<owl:imports rdf:resource="https://spec.edmcouncil.org/fibo/ontology/master/2024Q1/FND/Agreements/Contracts/"/>
<owl:imports rdf:resource="https://spec.edmcouncil.org/fibo/ontology/master/2024Q1/FND/Arrangements/Assessments/"/>
<owl:imports rdf:resource="https://spec.edmcouncil.org/fibo/ontology/master/2024Q1/FND/Arrangements/Documents/"/>
<owl:imports rdf:resource="https://spec.edmcouncil.org/fibo/ontology/master/2024Q1/FND/DatesAndTimes/FinancialDates/"/>
<owl:imports rdf:resource="https://spec.edmcouncil.org/fibo/ontology/master/2024Q1/FND/OwnershipAndControl/Ownership/"/>
<owl:imports rdf:resource="https://spec.edmcouncil.org/fibo/ontology/master/2024Q1/FND/ProductsAndServices/PaymentsAndSchedules/"/>
<owl:imports rdf:resource="https://spec.edmcouncil.org/fibo/ontology/master/2024Q1/FND/Relations/Relations/"/>
<owl:imports rdf:resource="https://spec.edmcouncil.org/fibo/ontology/master/2024Q1/FND/Utilities/AnnotationVocabulary/"/>
<owl:imports rdf:resource="https://spec.edmcouncil.org/fibo/ontology/master/2024Q1/SEC/Debt/DebtInstruments/"/>
<owl:imports rdf:resource="https://www.omg.org/spec/Commons/AnnotationVocabulary/"/>
<owl:imports rdf:resource="https://www.omg.org/spec/Commons/Classifiers/"/>
<owl:imports rdf:resource="https://www.omg.org/spec/Commons/Collections/"/>
<owl:imports rdf:resource="https://www.omg.org/spec/Commons/ContextualDesignators/"/>
<owl:imports rdf:resource="https://www.omg.org/spec/Commons/DatesAndTimes/"/>
<owl:imports rdf:resource="https://www.omg.org/spec/Commons/Documents/"/>
<owl:imports rdf:resource="https://www.omg.org/spec/Commons/PartiesAndSituations/"/>
<owl:imports rdf:resource="https://www.omg.org/spec/Commons/QuantitiesAndUnits/"/>
<owl:versionIRI rdf:resource="https://spec.edmcouncil.org/fibo/ontology/master/2024Q1/LOAN/LoansGeneral/Loans/"/>
<skos:changeNote>The https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans.rdf version of the ontology was modified to use the Commons Ontology Library (Commons) Annotation Vocabulary rather than the OMG's Specification Metadata vocabulary.</skos:changeNote>
<skos:changeNote>The https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans.rdf version of this ontology was modified to eliminate a subproperty relationship between the principal and notional amount, which may not be appropriate (DER-127) and to replace content that is now available in the OMG Commons Ontology Library (Commons) v1.1 (FND-380).</skos:changeNote>
<skos:changeNote>The https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans.rdf version of this ontology was modified to move certain terms athat are general debt schedule terms to the Debt ontology (FBC-317).</skos:changeNote>
<skos:changeNote>The https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans.rdf version of this ontology was modified to replace content that is now available in the OMG Commons Ontology Library (Commons) v1.1 (FND-380).</skos:changeNote>
<skos:changeNote>The https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans.rdf version of this ontology was modified to use the Commons Ontology Library (Commons) rather than the OMG's Languages, Countries and Codes (LCC), eliminating redundancies in FIBO as appropriate.</skos:changeNote>
<fibo-fnd-utl-av:hasMaturityLevel rdf:resource="&fibo-fnd-utl-av;Release"/>
<cmns-av:copyright>Copyright (c) 2016-2024 EDM Council, Inc.</cmns-av:copyright>
<cmns-av:copyright>Copyright (c) 2016-2024 Object Management Group, Inc.</cmns-av:copyright>
</owl:Ontology>
<owl:Class rdf:about="&fibo-fbc-dae-dbt;InterestPaymentTerms">
<rdfs:subClassOf>
<owl:Restriction>
<owl:onProperty rdf:resource="&fibo-loan-ln-ln;hasFirstRateChangeTerm"/>
<owl:onClass rdf:resource="&cmns-dt;ExplicitDuration"/>
<owl:minQualifiedCardinality rdf:datatype="&xsd;nonNegativeInteger">0</owl:minQualifiedCardinality>
</owl:Restriction>
</rdfs:subClassOf>
</owl:Class>
<owl:Class rdf:about="&fibo-fbc-dae-dbt;PrincipalRepaymentTerms">
<rdfs:subClassOf>
<owl:Restriction>
<owl:onProperty rdf:resource="&fibo-loan-ln-ln;hasBalloonPayment"/>
<owl:minQualifiedCardinality rdf:datatype="&xsd;nonNegativeInteger">0</owl:minQualifiedCardinality>
<owl:onDataRange rdf:resource="&xsd;boolean"/>
</owl:Restriction>
</rdfs:subClassOf>
<rdfs:subClassOf>
<owl:Restriction>
<owl:onProperty rdf:resource="&fibo-loan-ln-ln;isInitiallyPayable"/>
<owl:minQualifiedCardinality rdf:datatype="&xsd;nonNegativeInteger">0</owl:minQualifiedCardinality>
<owl:onDataRange rdf:resource="&xsd;boolean"/>
</owl:Restriction>
</rdfs:subClassOf>
</owl:Class>
<owl:Class rdf:about="&fibo-loan-ln-ln;ClosedEndCredit">
<rdfs:subClassOf rdf:resource="&fibo-fbc-dae-dbt;CreditAgreement"/>
<rdfs:label>closed-end credit</rdfs:label>
<rdfs:isDefinedBy rdf:resource="https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans/"/>
<skos:definition>credit agreement in which the loan principal cannot be increased after funds are dispersed in full when the loan closes</skos:definition>
<cmns-av:explanatoryNote>The loan may require regular payments that pay down principal periodically, or it may require the full payment of principal at maturity.</cmns-av:explanatoryNote>
</owl:Class>
<owl:Class rdf:about="&fibo-loan-ln-ln;CollateralizedLoan">
<rdfs:subClassOf rdf:resource="&fibo-loan-ln-ln;SecuredLoan"/>
<rdfs:subClassOf>
<owl:Restriction>
<owl:onProperty rdf:resource="&fibo-fbc-dae-dbt;isCollateralizedBy"/>
<owl:someValuesFrom rdf:resource="&fibo-fbc-dae-dbt;Collateral"/>
</owl:Restriction>
</rdfs:subClassOf>
<rdfs:subClassOf>
<owl:Restriction>
<owl:onProperty rdf:resource="&cmns-col;comprises"/>
<owl:someValuesFrom rdf:resource="&fibo-fbc-dae-dbt;CollateralAgreement"/>
</owl:Restriction>
</rdfs:subClassOf>
<rdfs:label xml:lang="en">collateralized loan</rdfs:label>
<rdfs:isDefinedBy rdf:resource="https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans/"/>
<skos:definition xml:lang="en">secured loan that is secured with cash or other acceptable collateral (real property, securities or other assets) provided by the borrower as specified in the collateral agreement</skos:definition>
<cmns-av:adaptedFrom xml:lang="en">ISO 10962, Securities and related financial instruments - Classification of financial instruments (CFI) code, Fourth Edition, 2019.</cmns-av:adaptedFrom>
</owl:Class>
<owl:Class rdf:about="&fibo-loan-ln-ln;Comaker">
<rdfs:subClassOf rdf:resource="&fibo-fnd-agr-ctr;ContractThirdParty"/>
<rdfs:label>co-maker</rdfs:label>
<rdfs:isDefinedBy rdf:resource="https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans/"/>
<skos:definition>party that signs a borrower's promissory note, providing additional security and potentially improving the quality of the debt</skos:definition>
<cmns-av:explanatoryNote>Differences between a co-maker and co-borrower include: (1) a co-maker is not listed on the title of the asset to which the loan applies, (2) a co-maker does not have any legal ownership rights to the asset, and (3) the co-maker does not make regular payments on the loan unless the primary borrower(s) fails to do so.</cmns-av:explanatoryNote>
<cmns-av:explanatoryNote>The co-maker's liability is similar to that of an endorser or guarantor, but with additional risk/exposure, as they can be compelled to honor the debt much sooner and regardless of whether certain conditions are met.</cmns-av:explanatoryNote>
<cmns-av:synonym>comaker</cmns-av:synonym>
<cmns-av:synonym>cosigner</cmns-av:synonym>
</owl:Class>
<owl:Class rdf:about="&fibo-loan-ln-ln;CombinedLoanToValueRatio">
<rdfs:subClassOf rdf:resource="&fibo-fnd-acc-cur;PercentageMonetaryAmount"/>
<rdfs:subClassOf>
<owl:Restriction>
<owl:onProperty rdf:resource="&cmns-cxtdsg;appliesTo"/>
<owl:someValuesFrom rdf:resource="&fibo-fnd-oac-own;Asset"/>
</owl:Restriction>
</rdfs:subClassOf>
<rdfs:subClassOf>
<owl:Restriction>
<owl:onProperty rdf:resource="&cmns-doc;refersTo"/>
<owl:someValuesFrom rdf:resource="&fibo-fnd-arr-asmt;Appraisal"/>
</owl:Restriction>
</rdfs:subClassOf>
<rdfs:subClassOf>
<owl:Restriction>
<owl:onProperty rdf:resource="&cmns-qtu;hasArgument"/>
<owl:someValuesFrom rdf:resource="&fibo-fnd-arr-asmt;AppraisedValue"/>
</owl:Restriction>
</rdfs:subClassOf>
<rdfs:subClassOf>
<owl:Restriction>
<owl:onProperty rdf:resource="&cmns-qtu;hasArgument"/>
<owl:someValuesFrom rdf:resource="&fibo-loan-ln-ln;TotalOutstandingPrincipal"/>
</owl:Restriction>
</rdfs:subClassOf>
<rdfs:label>combined loan-to-value ratio</rdfs:label>
<rdfs:isDefinedBy rdf:resource="https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans/"/>
<skos:definition>ratio of the total amount of debt that is secured by the asset(s) and the appraised value of the asset(s) securing the financing</skos:definition>
<cmns-av:explanatoryNote>This is particularly important for secondary loans, or for refinancing that combines outstanding loans against a given asset. Lenders use this ratio to evaluate the risk of extending a loan to a borrower(s) in cases where multiple loans are involved.</cmns-av:explanatoryNote>
</owl:Class>
<owl:NamedIndividual rdf:about="&fibo-loan-ln-ln;FeeSimpleOwnershipInterest">
<rdf:type rdf:resource="&fibo-loan-ln-ln;OwnershipInterest"/>
<rdfs:label>fee-simple ownership interest</rdfs:label>
<rdfs:isDefinedBy rdf:resource="https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans/"/>
<skos:definition>classification indicating the most common type of ownership, covering an indefinite ownership period and the freedom to transfer said ownership as desired</skos:definition>
<cmns-av:explanatoryNote>Fee simple is the term used to represent the maximum ownership interest in real property that is allowed under the law. It can be referred to as 'complete ownership'.</cmns-av:explanatoryNote>
<cmns-av:explanatoryNote>The asset may still be subject to government regulations such as property taxes, and the owner can place voluntary encumbrances on the real estate including its use as collateral for a loan. In the case of a mortgage, fee simple can be contrasted with lease ownership, in which case the owners have complete access to the land, but they do not own it. Owners of single-family residences typically have fee simple ownership, but condo and many townhouse owners do not, as they own their individual unit but not the land on which the development is built.</cmns-av:explanatoryNote>
<cmns-av:synonym>complete ownership</cmns-av:synonym>
</owl:NamedIndividual>
<owl:NamedIndividual rdf:about="&fibo-loan-ln-ln;FractionalOwnershipInterest">
<rdf:type rdf:resource="&fibo-loan-ln-ln;OwnershipInterest"/>
<rdfs:label>fractional ownership interest</rdfs:label>
<rdfs:isDefinedBy rdf:resource="https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans/"/>
<skos:definition>classification indicating that several parties may share in, and mitigate the risk of, ownership of a high-value tangible asset</skos:definition>
</owl:NamedIndividual>
<owl:Class rdf:about="&fibo-loan-ln-ln;GuaranteedLoan">
<rdfs:subClassOf rdf:resource="&fibo-loan-ln-ln;SecuredLoan"/>
<rdfs:subClassOf>
<owl:Restriction>
<owl:onProperty rdf:resource="&fibo-fbc-dae-gty;hasGuarantor"/>
<owl:someValuesFrom rdf:resource="&fibo-fbc-dae-gty;Guarantor"/>
</owl:Restriction>
</rdfs:subClassOf>
<rdfs:subClassOf>
<owl:Restriction>
<owl:onProperty rdf:resource="&cmns-col;comprises"/>
<owl:someValuesFrom rdf:resource="&fibo-fbc-dae-gty;Guaranty"/>
</owl:Restriction>
</rdfs:subClassOf>
<rdfs:label xml:lang="en">guaranteed loan</rdfs:label>
<rdfs:isDefinedBy rdf:resource="https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans/"/>
<skos:definition xml:lang="en">loan that is secured with respect to repayment of principal and interest by guaranty</skos:definition>
<cmns-av:explanatoryNote xml:lang="en">A loan guarantee is a promise by one party to assume the debt obligation of a borrower if that borrower defaults. A guarantee can be limited or unlimited, making the guarantor liable for only a portion or all of the debt.</cmns-av:explanatoryNote>
<cmns-av:explanatoryNote xml:lang="en">In the U.S., the term 'guaranteed loan' typically refers to a loan that is backed by a federal agency, such as the Department of Veterans Affairs or the Small Business Administration. Student loans may be guaranteed by the Student Loan Marketing Association.</cmns-av:explanatoryNote>
</owl:Class>
<owl:Class rdf:about="&fibo-loan-ln-ln;IndividualPaymentTransaction">
<rdfs:subClassOf rdf:resource="&fibo-fbc-pas-caa;IndividualTransaction"/>
<rdfs:subClassOf rdf:resource="&fibo-fnd-pas-psch;Payment"/>
<rdfs:label xml:lang="en">individual payment transaction</rdfs:label>
<rdfs:isDefinedBy rdf:resource="https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans/"/>
<skos:definition xml:lang="en">actual payment of principal, interest, fees, or other related amounts towards fulfillment of a debt obligation</skos:definition>
</owl:Class>
<owl:Class rdf:about="&fibo-loan-ln-ln;LenderLienPosition">
<rdfs:subClassOf rdf:resource="&cmns-cls;Classifier"/>
<rdfs:label>lender lien position</rdfs:label>
<rdfs:isDefinedBy rdf:resource="https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans/"/>
<skos:definition>classifier indicating whether the lender has the primary lien position with respect to an asset used as collateral for the loan</skos:definition>
</owl:Class>
<owl:Class rdf:about="&fibo-loan-ln-ln;Loan">
<rdfs:subClassOf rdf:resource="&fibo-fbc-dae-dbt;CreditAgreementRepaidPeriodically"/>
<rdfs:subClassOf rdf:resource="&fibo-fbc-fi-fi;DebtInstrument"/>
<rdfs:subClassOf>
<owl:Restriction>
<owl:onProperty rdf:resource="&fibo-fbc-dae-gty;hasGuarantor"/>
<owl:onClass rdf:resource="&fibo-fbc-dae-gty;Guarantor"/>
<owl:minQualifiedCardinality rdf:datatype="&xsd;nonNegativeInteger">0</owl:minQualifiedCardinality>
</owl:Restriction>
</rdfs:subClassOf>
<rdfs:subClassOf>
<owl:Restriction>
<owl:onProperty rdf:resource="&fibo-loan-ln-ln;hasTotalClosingCosts"/>
<owl:onClass rdf:resource="&fibo-fnd-acc-cur;MonetaryAmount"/>
<owl:minQualifiedCardinality rdf:datatype="&xsd;nonNegativeInteger">0</owl:minQualifiedCardinality>
</owl:Restriction>
</rdfs:subClassOf>
<rdfs:subClassOf>
<owl:Restriction>
<owl:onProperty rdf:resource="&fibo-loan-ln-ln;hasTotalPointsAndFees"/>
<owl:onClass rdf:resource="&fibo-fnd-acc-cur;MonetaryAmount"/>
<owl:minQualifiedCardinality rdf:datatype="&xsd;nonNegativeInteger">0</owl:minQualifiedCardinality>
</owl:Restriction>
</rdfs:subClassOf>
<rdfs:subClassOf>
<owl:Restriction>
<owl:onProperty rdf:resource="&fibo-fnd-agr-ctr;hasThirdParty"/>
<owl:onClass rdf:resource="&fibo-fnd-agr-ctr;ContractThirdParty"/>
<owl:minQualifiedCardinality rdf:datatype="&xsd;nonNegativeInteger">0</owl:minQualifiedCardinality>
</owl:Restriction>
</rdfs:subClassOf>
<rdfs:subClassOf>
<owl:Restriction>
<owl:onProperty rdf:resource="&cmns-cls;isClassifiedBy"/>
<owl:onClass rdf:resource="&fibo-loan-ln-ln;LenderLienPosition"/>
<owl:minQualifiedCardinality rdf:datatype="&xsd;nonNegativeInteger">0</owl:minQualifiedCardinality>
</owl:Restriction>
</rdfs:subClassOf>
<rdfs:subClassOf>
<owl:Restriction>
<owl:onProperty rdf:resource="&fibo-fbc-pas-caa;hasCorrespondingAccount"/>
<owl:onClass rdf:resource="&fibo-loan-ln-ln;LoanSpecificCustomerAccount"/>
<owl:minQualifiedCardinality rdf:datatype="&xsd;nonNegativeInteger">0</owl:minQualifiedCardinality>
</owl:Restriction>
</rdfs:subClassOf>
<rdfs:subClassOf>
<owl:Restriction>
<owl:onProperty rdf:resource="&fibo-loan-ln-ln;isServicedBy"/>
<owl:onClass rdf:resource="&fibo-loan-ln-ln;Servicer"/>
<owl:minQualifiedCardinality rdf:datatype="&xsd;nonNegativeInteger">0</owl:minQualifiedCardinality>
</owl:Restriction>
</rdfs:subClassOf>
<rdfs:subClassOf>
<owl:Restriction>
<owl:onProperty rdf:resource="&fibo-fbc-dae-dbt;hasMaturityDate"/>
<owl:onClass rdf:resource="&cmns-dt;ExplicitDate"/>
<owl:minQualifiedCardinality rdf:datatype="&xsd;nonNegativeInteger">0</owl:minQualifiedCardinality>
</owl:Restriction>
</rdfs:subClassOf>
<rdfs:subClassOf>
<owl:Restriction>
<owl:onProperty rdf:resource="&fibo-loan-ln-ln;hasNegativeAmortization"/>
<owl:minQualifiedCardinality rdf:datatype="&xsd;nonNegativeInteger">0</owl:minQualifiedCardinality>
<owl:onDataRange rdf:resource="&xsd;boolean"/>
</owl:Restriction>
</rdfs:subClassOf>
<rdfs:subClassOf>
<owl:Restriction>
<owl:onProperty rdf:resource="&fibo-loan-ln-ln;isInterestOnly"/>
<owl:minQualifiedCardinality rdf:datatype="&xsd;nonNegativeInteger">0</owl:minQualifiedCardinality>
<owl:onDataRange rdf:resource="&xsd;boolean"/>
</owl:Restriction>
</rdfs:subClassOf>
<rdfs:subClassOf>
<owl:Restriction>
<owl:onProperty rdf:resource="&fibo-loan-ln-ln;hasPrincipalAmount"/>
<owl:someValuesFrom rdf:resource="&fibo-fnd-acc-cur;MonetaryAmount"/>
</owl:Restriction>
</rdfs:subClassOf>
<rdfs:label>loan</rdfs:label>
<rdfs:isDefinedBy rdf:resource="https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans/"/>
<skos:definition>debt instrument whereby one party extends money or credit to another party (or parties) with the understanding that the borrowed money will be repaid according to the terms of the contract</skos:definition>
</owl:Class>
<owl:Class rdf:about="&fibo-loan-ln-ln;LoanPaymentSchedule">
<rdfs:subClassOf rdf:resource="&fibo-fbc-dae-dbt;AmortizationSchedule"/>
<rdfs:subClassOf>
<owl:Restriction>
<owl:onProperty rdf:resource="&fibo-fbc-dae-dbt;hasAnticipatedNumberOfPayments"/>
<owl:someValuesFrom rdf:resource="&xsd;positiveInteger"/>
</owl:Restriction>
</rdfs:subClassOf>
<rdfs:subClassOf>
<owl:Restriction>
<owl:onProperty rdf:resource="&cmns-cxtdsg;appliesTo"/>
<owl:someValuesFrom rdf:resource="&fibo-loan-ln-ln;LoanSpecificCustomerAccount"/>
</owl:Restriction>
</rdfs:subClassOf>
<rdfs:label>loan payment schedule</rdfs:label>
<rdfs:isDefinedBy rdf:resource="https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans/"/>
<skos:definition>regular payment schedule associated with a given loan-specific account</skos:definition>
</owl:Class>
<owl:Class rdf:about="&fibo-loan-ln-ln;LoanPrincipal">
<rdfs:isDefinedBy rdf:resource="https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans/"/>
<owl:deprecated rdf:datatype="&xsd;boolean">true</owl:deprecated>
<owl:equivalentClass rdf:resource="&fibo-fnd-acc-cur;MonetaryAmount"/>
</owl:Class>
<owl:Class rdf:about="&fibo-loan-ln-ln;LoanSpecificCustomerAccount">
<rdfs:subClassOf rdf:resource="&fibo-fbc-pas-caa;CustomerAccount"/>
<rdfs:subClassOf rdf:resource="&fibo-fbc-pas-caa;LoanOrCreditAccount"/>
<rdfs:subClassOf>
<owl:Restriction>
<owl:onProperty rdf:resource="&fibo-loan-ln-ln;hasLoanBalance"/>
<owl:onClass rdf:resource="&fibo-fbc-pas-caa;Balance"/>
<owl:minQualifiedCardinality rdf:datatype="&xsd;nonNegativeInteger">0</owl:minQualifiedCardinality>
</owl:Restriction>
</rdfs:subClassOf>
<rdfs:subClassOf>
<owl:Restriction>
<owl:onProperty rdf:resource="&fibo-fnd-pas-psch;hasPaymentSchedule"/>
<owl:onClass rdf:resource="&fibo-loan-ln-ln;LoanPaymentSchedule"/>
<owl:minQualifiedCardinality rdf:datatype="&xsd;nonNegativeInteger">0</owl:minQualifiedCardinality>
</owl:Restriction>
</rdfs:subClassOf>
<rdfs:subClassOf>
<owl:Restriction>
<owl:onProperty rdf:resource="&fibo-loan-ln-ln;hasPaymentHistory"/>
<owl:onClass rdf:resource="&fibo-loan-ln-ln;PaymentHistory"/>
<owl:minQualifiedCardinality rdf:datatype="&xsd;nonNegativeInteger">0</owl:minQualifiedCardinality>
</owl:Restriction>
</rdfs:subClassOf>
<rdfs:subClassOf>
<owl:Restriction>
<owl:onProperty rdf:resource="&fibo-fbc-pas-fpas;relatesTo"/>
<owl:someValuesFrom rdf:resource="&fibo-loan-ln-ln;Loan"/>
</owl:Restriction>
</rdfs:subClassOf>
<rdfs:subClassOf>
<owl:Restriction>
<owl:onProperty rdf:resource="&fibo-fnd-rel-rel;isHeldBy"/>
<owl:someValuesFrom rdf:resource="&fibo-fbc-dae-dbt;Borrower"/>
</owl:Restriction>
</rdfs:subClassOf>
<rdfs:subClassOf>
<owl:Restriction>
<owl:onProperty rdf:resource="&fibo-fnd-rel-rel;isProvidedBy"/>
<owl:someValuesFrom>
<owl:Class>
<owl:unionOf rdf:parseType="Collection">
<rdf:Description rdf:about="&fibo-fbc-dae-dbt;Lender">
</rdf:Description>
<rdf:Description rdf:about="&fibo-loan-ln-ln;Servicer">
</rdf:Description>
</owl:unionOf>
</owl:Class>
</owl:someValuesFrom>
</owl:Restriction>
</rdfs:subClassOf>
<rdfs:label>loan-specific customer account</rdfs:label>
<rdfs:isDefinedBy rdf:resource="https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans/"/>
<skos:definition>account held by the borrower associated with a specific loan</skos:definition>
</owl:Class>
<owl:Class rdf:about="&fibo-loan-ln-ln;LoanToValueRatio">
<rdfs:subClassOf rdf:resource="&fibo-fnd-acc-cur;PercentageMonetaryAmount"/>
<rdfs:subClassOf>
<owl:Restriction>
<owl:onProperty rdf:resource="&cmns-cxtdsg;appliesTo"/>
<owl:someValuesFrom rdf:resource="&fibo-fnd-oac-own;Asset"/>
</owl:Restriction>
</rdfs:subClassOf>
<rdfs:subClassOf>
<owl:Restriction>
<owl:onProperty rdf:resource="&cmns-doc;refersTo"/>
<owl:someValuesFrom rdf:resource="&fibo-fnd-arr-asmt;Appraisal"/>
</owl:Restriction>
</rdfs:subClassOf>
<rdfs:subClassOf>
<owl:Restriction>
<owl:onProperty rdf:resource="&cmns-qtu;hasArgument"/>
<owl:someValuesFrom rdf:resource="&fibo-fbc-dae-dbt;Principal"/>
</owl:Restriction>
</rdfs:subClassOf>
<rdfs:subClassOf>
<owl:Restriction>
<owl:onProperty rdf:resource="&cmns-qtu;hasArgument"/>
<owl:someValuesFrom rdf:resource="&fibo-fnd-arr-asmt;AppraisedValue"/>
</owl:Restriction>
</rdfs:subClassOf>
<rdfs:label>loan-to-value ratio</rdfs:label>
<rdfs:isDefinedBy rdf:resource="https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans/"/>
<skos:definition>ratio, expressed as a percentage, between the principal amount of the loan and the appraised value of the asset securing the financing</skos:definition>
<cmns-av:abbreviation>LTV</cmns-av:abbreviation>
</owl:Class>
<owl:Class rdf:about="&fibo-loan-ln-ln;OpenEndCredit">
<rdfs:subClassOf rdf:resource="&fibo-fbc-dae-dbt;CreditAgreement"/>
<rdfs:subClassOf>
<owl:Restriction>
<owl:onProperty rdf:resource="&fibo-loan-ln-ln;hasCreditLimit"/>
<owl:onClass rdf:resource="&fibo-fnd-acc-cur;MonetaryAmount"/>
<owl:minQualifiedCardinality rdf:datatype="&xsd;nonNegativeInteger">0</owl:minQualifiedCardinality>
</owl:Restriction>
</rdfs:subClassOf>
<rdfs:label>open-end credit</rdfs:label>
<rdfs:isDefinedBy rdf:resource="https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans/"/>
<owl:disjointWith rdf:resource="&fibo-loan-ln-ln;ClosedEndCredit"/>
<skos:definition>credit agreement that may be extended up to an agreed credit limit and paid down at any time within the period of the line, if any, and on which interest is charged only on the outstanding balance</skos:definition>
<skos:example>Credit card and overdraft lines of credit are among the most widely used forms of open-end credit.</skos:example>
<cmns-av:explanatoryNote>There is a credit limit most of the time, with exceptions including reverse mortgages with tenure payment. The borrower has the option of paying off the outstanding balance, without penalty, or making installment payments.</cmns-av:explanatoryNote>
<cmns-av:synonym>charge account credit</cmns-av:synonym>
<cmns-av:synonym>revolving credit</cmns-av:synonym>
</owl:Class>
<owl:Class rdf:about="&fibo-loan-ln-ln;OwnershipInterest">
<rdfs:subClassOf rdf:resource="&cmns-cls;Classifier"/>
<rdfs:subClassOf>
<owl:Restriction>
<owl:onProperty rdf:resource="&cmns-cls;classifies"/>
<owl:someValuesFrom rdf:resource="&fibo-fnd-oac-own;Ownership"/>
</owl:Restriction>
</rdfs:subClassOf>
<rdfs:label>ownership interest</rdfs:label>
<rdfs:isDefinedBy rdf:resource="https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans/"/>
<skos:definition>classifier indicating the nature of the applicant's or borrower's ownership or leasehold interest in an asset used as collateral for the loan</skos:definition>
<cmns-av:usageNote>Note that there are a number of variations for ownership interest that represent 'corner cases', including jurisdiction-specific variants, which can be added as needed for specific applications.</cmns-av:usageNote>
</owl:Class>
<owl:Class rdf:about="&fibo-loan-ln-ln;PaymentHistory">
<rdfs:subClassOf rdf:resource="&fibo-fbc-pas-caa;TransactionRecord"/>
<rdfs:subClassOf>
<owl:Restriction>
<owl:onProperty rdf:resource="&fibo-fbc-pas-caa;appliesToAccount"/>
<owl:someValuesFrom rdf:resource="&fibo-loan-ln-ln;LoanSpecificCustomerAccount"/>
</owl:Restriction>
</rdfs:subClassOf>
<rdfs:subClassOf>
<owl:Restriction>
<owl:onProperty rdf:resource="&fibo-loan-ln-ln;hasIndividualPayment"/>
<owl:someValuesFrom rdf:resource="&fibo-loan-ln-ln;IndividualPaymentTransaction"/>
</owl:Restriction>
</rdfs:subClassOf>
<rdfs:label>payment history</rdfs:label>
<rdfs:isDefinedBy rdf:resource="https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans/"/>
<skos:definition>record of actual payments of principal, interest, and other related amounts made by a borrower to a lender or servicer in order to fulfill their re-payment obligation</skos:definition>
</owl:Class>
<owl:Class rdf:about="&fibo-loan-ln-ln;PrepaymentTerms">
<rdfs:subClassOf rdf:resource="&fibo-fbc-dae-dbt;PrincipalRepaymentTerms"/>
<rdfs:subClassOf>
<owl:Restriction>
<owl:onProperty rdf:resource="&fibo-loan-ln-ln;hasPrePaymentPenaltyTerm"/>
<owl:someValuesFrom rdf:resource="&cmns-dt;ExplicitDuration"/>
</owl:Restriction>
</rdfs:subClassOf>
<rdfs:label xml:lang="en">pre-payment terms</rdfs:label>
<rdfs:isDefinedBy rdf:resource="https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans/"/>
<skos:definition xml:lang="en">principal repayment terms related to payment of the loan prior to maturity</skos:definition>
<cmns-av:explanatoryNote xml:lang="en">Prepayment may or may not involve refinancing with the same lender. Prepayment terms include any prepayment penalty period, penalty amount and whether or not there is provision for waiver of the penalty, and any conditions related to making additional payments or payments over and above the expected installment payment over the lifetime of the loan.</cmns-av:explanatoryNote>
</owl:Class>
<owl:NamedIndividual rdf:about="&fibo-loan-ln-ln;PrimaryLienPosition">
<rdf:type rdf:resource="&fibo-loan-ln-ln;LenderLienPosition"/>
<rdfs:label>primary lien position</rdfs:label>
<rdfs:isDefinedBy rdf:resource="https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans/"/>
<skos:definition xml:lang="en">first position in the order of seniority in which the law recognizes lenders' claims against a property</skos:definition>
<cmns-av:synonym>primary lien priority</cmns-av:synonym>
</owl:NamedIndividual>
<owl:Class rdf:about="&fibo-loan-ln-ln;SecuredLoan">
<rdfs:subClassOf rdf:resource="&fibo-loan-ln-ln;Loan"/>
<rdfs:subClassOf>
<owl:Class>
<owl:unionOf rdf:parseType="Collection">
<owl:Restriction>
<owl:onProperty rdf:resource="&cmns-col;comprises"/>
<owl:someValuesFrom rdf:resource="&fibo-loan-ln-ln;SecurityAgreement"/>
</owl:Restriction>
<owl:Restriction>
<owl:onProperty rdf:resource="&cmns-col;comprises"/>
<owl:someValuesFrom rdf:resource="&fibo-fbc-dae-gty;Guaranty"/>
</owl:Restriction>
</owl:unionOf>
</owl:Class>
</rdfs:subClassOf>
<rdfs:label>secured loan</rdfs:label>
<rdfs:isDefinedBy rdf:resource="https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans/"/>
<skos:definition>loan in which the borrower pledges some asset via a security agreement as collateral for the loan, or that is secured via third-party guarantee</skos:definition>
</owl:Class>
<owl:Class rdf:about="&fibo-loan-ln-ln;SecurityAgreement">
<rdfs:subClassOf rdf:resource="&fibo-fbc-dae-dbt;CollateralAgreement"/>
<rdfs:subClassOf>
<owl:Restriction>
<owl:onProperty rdf:resource="&fibo-fnd-arr-asmt;hasEstimatedValue"/>
<owl:someValuesFrom rdf:resource="&fibo-fnd-acc-cur;MonetaryAmount"/>
</owl:Restriction>
</rdfs:subClassOf>
<rdfs:subClassOf>
<owl:Restriction>
<owl:onProperty rdf:resource="&cmns-cls;isClassifiedBy"/>
<owl:someValuesFrom rdf:resource="&fibo-loan-ln-ln;LenderLienPosition"/>
</owl:Restriction>
</rdfs:subClassOf>
<rdfs:subClassOf>
<owl:Restriction>
<owl:onProperty rdf:resource="&cmns-cls;isClassifiedBy"/>
<owl:someValuesFrom rdf:resource="&fibo-loan-ln-ln;OwnershipInterest"/>
</owl:Restriction>
</rdfs:subClassOf>
<rdfs:subClassOf>
<owl:Restriction>
<owl:onProperty rdf:resource="&cmns-col;isPartOf"/>
<owl:someValuesFrom rdf:resource="&fibo-loan-ln-ln;Loan"/>
</owl:Restriction>
</rdfs:subClassOf>
<rdfs:label>security agreement</rdfs:label>
<rdfs:isDefinedBy rdf:resource="https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans/"/>
<skos:definition>agreement between parties that contains information about their relative duties and rights regarding the disposition of a specified asset used as collateral</skos:definition>
<cmns-av:adaptedFrom>ISO 20022</cmns-av:adaptedFrom>
</owl:Class>
<owl:Class rdf:about="&fibo-loan-ln-ln;Servicer">
<rdfs:subClassOf rdf:resource="&fibo-fbc-pas-fpas;FinancialServiceProvider"/>
<rdfs:subClassOf rdf:resource="&fibo-fnd-agr-ctr;ContractThirdParty"/>
<rdfs:label>servicer</rdfs:label>
<rdfs:isDefinedBy rdf:resource="https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans/"/>
<skos:definition>party that collects principal and interest payments on behalf of the lender</skos:definition>
<cmns-av:explanatoryNote>In cases where a loan has been securitized, the servicer is also responsible for forwarding payments to investors, filing reports with credit-rating agencies and investors, and so forth.</cmns-av:explanatoryNote>
</owl:Class>
<owl:NamedIndividual rdf:about="&fibo-loan-ln-ln;SubordinateLienPosition">
<rdf:type rdf:resource="&fibo-loan-ln-ln;LenderLienPosition"/>
<rdfs:label>subordinate lien position</rdfs:label>
<rdfs:isDefinedBy rdf:resource="https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans/"/>
<skos:definition xml:lang="en">secondary or lower position in the order of seniority in which the law recognizes lenders' claims against a property</skos:definition>
</owl:NamedIndividual>
<owl:Class rdf:about="&fibo-loan-ln-ln;TotalOutstandingPrincipal">
<rdfs:subClassOf rdf:resource="&fibo-fbc-dae-dbt;Principal"/>
<rdfs:label>total outstanding principal</rdfs:label>
<rdfs:isDefinedBy rdf:resource="https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans/"/>
<skos:definition>the principal balance of all loans secured by the property</skos:definition>
</owl:Class>
<owl:Class rdf:about="&fibo-loan-ln-ln;UnsecuredLoan">
<rdfs:subClassOf rdf:resource="&fibo-loan-ln-ln;Loan"/>
<rdfs:label>unsecured loan</rdfs:label>
<rdfs:isDefinedBy rdf:resource="https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans/"/>
<owl:disjointWith rdf:resource="&fibo-loan-ln-ln;SecuredLoan"/>
<skos:definition>loan granted based on the strength of the borrower's credit history or reputation in the community</skos:definition>
</owl:Class>
<owl:DatatypeProperty rdf:about="&fibo-loan-ln-ln;hasAnticipatedNumberOfPayments">
<rdfs:isDefinedBy rdf:resource="https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans/"/>
<owl:deprecated rdf:datatype="&xsd;boolean">true</owl:deprecated>
<owl:equivalentProperty rdf:resource="&fibo-fbc-dae-dbt;hasAnticipatedNumberOfPayments"/>
</owl:DatatypeProperty>
<owl:DatatypeProperty rdf:about="&fibo-loan-ln-ln;hasBalloonPayment">
<rdfs:label xml:lang="en">has balloon payment</rdfs:label>
<rdfs:isDefinedBy rdf:resource="https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans/"/>
<rdfs:range rdf:resource="&xsd;boolean"/>
<skos:definition xml:lang="en">indicates whether the contractual terms include or would have included repayment of the outstanding principal sum at the end of a loan period, prior to which only partial or no payments were made on the principal</skos:definition>
</owl:DatatypeProperty>
<owl:ObjectProperty rdf:about="&fibo-loan-ln-ln;hasCost">
<rdfs:subPropertyOf rdf:resource="&fibo-fnd-acc-cur;hasMonetaryAmount"/>
<rdfs:label>has cost</rdfs:label>
<rdfs:isDefinedBy rdf:resource="https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans/"/>
<skos:definition>has amount payable for principal, interest, fees or other expenses</skos:definition>
<cmns-av:explanatoryNote>This can entail adding up other prices and/or fees (e.g. 4 units * a unit price)</cmns-av:explanatoryNote>
</owl:ObjectProperty>
<owl:ObjectProperty rdf:about="&fibo-loan-ln-ln;hasCreditLimit">
<rdfs:subPropertyOf rdf:resource="&fibo-fnd-acc-cur;hasMonetaryAmount"/>
<rdfs:label>has credit limit</rdfs:label>
<rdfs:isDefinedBy rdf:resource="https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans/"/>
<skos:definition>specifies the maximum amount of funds that may be borrowed (e.g. for line of credit)</skos:definition>
</owl:ObjectProperty>
<owl:ObjectProperty rdf:about="&fibo-loan-ln-ln;hasFirstRateChangeTerm">
<rdfs:subPropertyOf rdf:resource="&cmns-dt;hasDuration"/>
<rdfs:label>has first rate change term</rdfs:label>
<rdfs:isDefinedBy rdf:resource="https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans/"/>
<skos:definition>specifies a period of time in months after origination during which the interest rate cannot change</skos:definition>
<cmns-av:usageNote>This normally applies to a variable rate loan. It may also apply to step up/step down loans that are fixed rate but whose rate changes after a pre-determined number of months.</cmns-av:usageNote>
</owl:ObjectProperty>
<owl:ObjectProperty rdf:about="&fibo-loan-ln-ln;hasIndividualPayment">
<rdfs:subPropertyOf rdf:resource="&fibo-fbc-fct-ra;hasRegistryEntry"/>
<rdfs:label>has individual payment</rdfs:label>
<rdfs:domain rdf:resource="&fibo-loan-ln-ln;PaymentHistory"/>
<rdfs:isDefinedBy rdf:resource="https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans/"/>
<rdfs:range rdf:resource="&fibo-loan-ln-ln;IndividualPaymentTransaction"/>
<skos:definition>links an actual payment of principal, interest, and other related amounts to the overall payment history for an account</skos:definition>
</owl:ObjectProperty>
<owl:ObjectProperty rdf:about="&fibo-loan-ln-ln;hasLoanBalance">
<rdfs:subPropertyOf rdf:resource="&fibo-fbc-dae-dbt;hasOutstandingAmount"/>
<rdfs:subPropertyOf rdf:resource="&fibo-fbc-pas-caa;hasBalance"/>
<rdfs:label>has loan balance</rdfs:label>
<rdfs:isDefinedBy rdf:resource="https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans/"/>
<skos:definition>indicates the balance with respect to the principal on the loan as of some date</skos:definition>
</owl:ObjectProperty>
<owl:DatatypeProperty rdf:about="&fibo-loan-ln-ln;hasNegativeAmortization">
<rdfs:label xml:lang="en">has negative amortization</rdfs:label>
<rdfs:isDefinedBy rdf:resource="https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans/"/>
<rdfs:range rdf:resource="&xsd;boolean"/>
<skos:definition xml:lang="en">indicates whether the contractual terms include or would have included a feature that allows unpaid interest to be added to the balance of unpaid principal</skos:definition>
</owl:DatatypeProperty>
<owl:ObjectProperty rdf:about="&fibo-loan-ln-ln;hasPaymentHistory">
<rdfs:subPropertyOf rdf:resource="&fibo-fnd-arr-doc;hasRecord"/>
<rdfs:label>has payment history</rdfs:label>
<rdfs:isDefinedBy rdf:resource="https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans/"/>
<rdfs:range rdf:resource="&fibo-loan-ln-ln;PaymentHistory"/>
<skos:definition>relates a credit agreement, loan, or commitment to any history of payments that have been made by the borrower up to the point that payment history is requested</skos:definition>
</owl:ObjectProperty>
<owl:ObjectProperty rdf:about="&fibo-loan-ln-ln;hasPrePaymentPenaltyTerm">
<rdfs:subPropertyOf rdf:resource="&cmns-dt;hasDuration"/>
<rdfs:label>has pre-payment penalty term</rdfs:label>
<rdfs:isDefinedBy rdf:resource="https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans/"/>
<skos:definition>relates a loan to a period of time in months after which there is no prepayment penalty</skos:definition>
<cmns-av:usageNote>A value of zero means no prepayment penalty; this avoids need for a separate boolean property about whether there is a prepayment penalty</cmns-av:usageNote>
</owl:ObjectProperty>
<owl:ObjectProperty rdf:about="&fibo-loan-ln-ln;hasPrincipalAmount">
<rdfs:subPropertyOf rdf:resource="&fibo-fbc-dae-dbt;hasPrincipal"/>
<rdfs:subPropertyOf rdf:resource="&fibo-fnd-acc-cur;hasMonetaryAmount"/>
<rdfs:label xml:lang="en">has principal amount</rdfs:label>
<rdfs:isDefinedBy rdf:resource="https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans/"/>
<rdfs:range rdf:resource="&fibo-fnd-acc-cur;MonetaryAmount"/>
<skos:definition xml:lang="en">indicates the nominal amount of the loan that must be paid at or before maturity</skos:definition>
</owl:ObjectProperty>
<owl:ObjectProperty rdf:about="&fibo-loan-ln-ln;hasScheduledUnpaidBalance">
<rdfs:subPropertyOf rdf:resource="&fibo-fbc-pas-caa;hasBalance"/>
<rdfs:label>has scheduled unpaid balance</rdfs:label>
<rdfs:isDefinedBy rdf:resource="https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans/"/>
<rdfs:range rdf:resource="&fibo-fbc-pas-caa;Balance"/>
<skos:definition>indicates what the balance should be after a scheduled payment is made according to contract terms</skos:definition>
</owl:ObjectProperty>
<owl:ObjectProperty rdf:about="&fibo-loan-ln-ln;hasTotalClosingCosts">
<rdfs:subPropertyOf rdf:resource="&fibo-loan-ln-ln;hasCost"/>
<rdfs:label>has total closing costs</rdfs:label>
<rdfs:isDefinedBy rdf:resource="https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans/"/>
<skos:definition>indicates the total the amount paid at the closing of a real estate transaction, i.e., at the time when the title to the property is conveyed (transferred) to the buyer</skos:definition>
<cmns-av:explanatoryNote>Closing costs may be incurred by either the buyer or the seller, and may include fees paid by either or both parties for the preparation and recording of documents, title service costs, such as for title search and insurance (typically paid by the seller, depending on the jurisdiction), other recording costs, other document or transaction stamps or taxes, brokerage commissions, survey, appraisal, inspection and other such fees, home warranties, private mortgage insurance (PMI), and so forth.</cmns-av:explanatoryNote>
</owl:ObjectProperty>
<owl:ObjectProperty rdf:about="&fibo-loan-ln-ln;hasTotalPointsAndFees">
<rdfs:subPropertyOf rdf:resource="&fibo-loan-ln-ln;hasCost"/>
<rdfs:label>has total points and fees</rdfs:label>
<rdfs:isDefinedBy rdf:resource="https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans/"/>
<skos:definition>indicates a form of pre-paid interest, charged by the lender as an alternative to charging a higher rate of interest on the mortgage loan</skos:definition>
<cmns-av:explanatoryNote>One point equals one percent of the loan principal, and usually reduces the interest rate by 1/8 percent (0.125)</cmns-av:explanatoryNote>
</owl:ObjectProperty>
<owl:DatatypeProperty rdf:about="&fibo-loan-ln-ln;isAssumable">
<rdfs:label xml:lang="en">is assumable</rdfs:label>
<rdfs:domain rdf:resource="&fibo-loan-ln-ln;Loan"/>
<rdfs:isDefinedBy rdf:resource="https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans/"/>
<rdfs:range rdf:resource="&xsd;boolean"/>
<skos:definition xml:lang="en">indicates whether or not another borrower may assume the payments on this loan</skos:definition>
</owl:DatatypeProperty>
<owl:DatatypeProperty rdf:about="&fibo-loan-ln-ln;isInitiallyPayable">
<rdfs:label xml:lang="en">is initially payable</rdfs:label>
<rdfs:isDefinedBy rdf:resource="https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans/"/>
<rdfs:range rdf:resource="&xsd;boolean"/>
<skos:definition xml:lang="en">indicates whether the obligation arising from the covered loan was, or in the case of an application, would have been initially payable to the financial institution</skos:definition>
</owl:DatatypeProperty>
<owl:DatatypeProperty rdf:about="&fibo-loan-ln-ln;isInterestOnly">
<rdfs:label xml:lang="en">is interest only</rdfs:label>
<rdfs:isDefinedBy rdf:resource="https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans/"/>
<rdfs:range rdf:resource="&xsd;boolean"/>
<skos:definition xml:lang="en">indicates whether the contractual terms include or would have included interest only payments</skos:definition>
</owl:DatatypeProperty>
<owl:ObjectProperty rdf:about="&fibo-loan-ln-ln;isServicedBy">
<rdfs:subPropertyOf rdf:resource="&cmns-pts;hasPartyRole"/>
<rdfs:label>is performed by</rdfs:label>
<rdfs:isDefinedBy rdf:resource="https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansGeneral/Loans/"/>
<rdfs:range rdf:resource="&fibo-loan-ln-ln;Servicer"/>
<skos:definition>relates a loan to the financial service provider that services it</skos:definition>
</owl:ObjectProperty>
</rdf:RDF>