This ontology defines basic concepts such as payment, payee, payer, and payment schedule, extending the scheduling concepts from the Dates and Times module, among others. Payments and Schedules Ontology satisfies a requirement for payment of some claim, debt, or other obligation fulfills obligation identifies a duty or obligation that a given party has taken on has obligation specifies the amount of money involved in a payment has payment amount identifies a party that has incurred a given obligation is obligation of a party to whom a debt should be paid, or to whose order a bill of exchange, note, or check is made payable payee a party who pays a bill or fees payer delivery of money in fulfillment of an obligation, such as to satisfy a claim or debt payment an event that involves delivery of money in fulfillment of an obligation payment event a legally enforceable duty to pay a sum of money, or agree to do something (or not to do something), according to the terms stated in a contract payment obligation schedule for delivery of money in fulfillment of an obligation, such as a coupon payment schedule, loan payment schedule, interest payment schedule payment schedule 1 1 1 1 1 Copyright (c) 2015-2016 EDM Council, Inc. Copyright (c) 2015-2016 Object Management Group, Inc. http://www.omg.org/techprocess/ab/SpecificationMetadata/MITLicense PaymentsAndSchedules.rdf fibo-fnd-pas-psch This ontology defines basic concepts such as payment, payee, payer, and payment schedule, extending the scheduling concepts from the Dates and Times module, among others. The http://www.omg.org/spec/EDMC-FIBO/FND/20150801/ProductsAndServices/PaymentsAndSchedules.rdf version of this ontology was modified per the issue resolutions identified in the FIBO FND 1.1 RTF report to replace MoneyAmount with MonetaryAmount. http://www.omg.org/spec/EDMC-FIBO/FND/Utilities/AnnotationVocabulary/ http://www.omg.org/spec/EDMC-FIBO/FND/Relations/Relations/ http://www.omg.org/spec/EDMC-FIBO/FND/DatesAndTimes/FinancialDates/ http://www.omg.org/spec/EDMC-FIBO/FND/DatesAndTimes/Occurrences/ http://www.omg.org/spec/EDMC-FIBO/FND/Accounting/CurrencyAmount/ http://www.omg.org/spec/EDMC-FIBO/FND/Parties/Roles/ http://www.omg.org/spec/EDMC-FIBO/FND/Parties/Parties/ http://www.omg.org/spec/EDMC-FIBO/FND/Agreements/Agreements/ http://www.omg.org/spec/EDMC-FIBO/FND/Agreements/Contracts/ http://www.omg.org/spec/EDMC-FIBO/FND/Law/LegalCapacity/ http://www.omg.org/spec/EDMC-FIBO/FND/ProductsAndServices/ProductsAndServices/ http://www.omg.org/spec/ODM/ http://www.w3.org/standards/techs/owl#w3c_all satisfies a requirement for payment of some claim, debt, or other obligation identifies a duty or obligation that a given party has taken on specifies the amount of money involved in a payment identifies a party that has incurred a given obligation a party to whom a debt should be paid, or to whose order a bill of exchange, note, or check is made payable Barron's Dictionary of Business and Economics Terms, Fifth Edition, 2012 a party who pays a bill or fees Barron's Dictionary of Business and Economics Terms, Fifth Edition, 2012 delivery of money in fulfillment of an obligation, such as to satisfy a claim or debt Barron's Dictionary of Business and Economics Terms, Fifth Edition, 2012 an event that involves delivery of money in fulfillment of an obligation Barron's Dictionary of Business and Economics Terms, Fifth Edition, 2012 a legally enforceable duty to pay a sum of money, or agree to do something (or not to do something), according to the terms stated in a contract the duty of a borrower to repay a loan, and the legal right of a lender to enforce payment Barron's Dictionary of Business and Economics Terms, Fifth Edition, 2012 schedule for delivery of money in fulfillment of an obligation, such as a coupon payment schedule, loan payment schedule, interest payment schedule Barron's Dictionary of Business and Economics Terms, Fifth Edition, 2012