| Terms and Definitions |
|
| Agent |
Person (3.52) acting for another Person (3.52) in a clearly specified capacity in the context of a business transaction (3.8) |
| Attribute |
Characteristic of an object (3.42) or entity (3.32) |
| Bilateral Transaction |
Sub-type of a business transaction (3.8) where the Persons (3.52) include only the buyer (3.11) and the seller (3.61), or alternatively other Persons (3.52) acting as agents (3.1) for the buyer (3.11) and/or seller (3.61) |
| Business |
Series of processes (3.53), each having a clearly understood purpose, involving more than one Person (3.52), realized through the exchange of recorded information (3.56) and directed towards some mutually agreed upon goal, extending over a period of time |
| Business Event |
Occurrence in time that partners (3.51) to a business transaction (3.8) wish to monitor or control |
| Business Location |
Geographic site where an economic event (3.25) is deemed to occur with its attendant transfer of an economic resource (3.28) from one Person (3.52) to another |
| Business Operational View |
Perspective of business transactions (3.8) limited to those aspects regarding the making of business decisions and commitments (3.13) among Persons (3.52), which are needed for the description of a business transaction (3.8) |
| Business Transaction |
Predefined set of activities and/or processes of Persons (3.52) which is initiated by a Person (3.52) to accomplish an explicitly shared business goal and terminated upon recognition of one of the agreed conclusions by all the involved Persons (3.52), although some of the recognition may be implicit |
| Business Transaction Entity |
Computable representation of any real-world entity that participates, occurs, or is materialized during a business transaction (3.8) |
| Business Transaction Entity Type |
Abstract specification of a business transaction entity (3.9), detailing its recommended characteristics, its recommended methods, and its recommended life-cycle states |
| Buyer |
Person (3.52) who aims to get possession of a good, service, and/or right through providing an acceptable equivalent value, usually in terms of money, to the Person (3.52) providing such a good, service, and/or right |
| Collaboration Space |
Business activity space where an economic exchange (3.27) of valued resources is viewed independently and not from the perspective of any business partner |
| Commitment |
Making or accepting of a right, obligation, liability, or responsibility by a Person (3.52) that is capable of enforcement in the jurisdiction in which the commitment (3.13) is made |
| Constraint |
Rule, explicitly stated, that prescribes, limits, governs, or specifies any aspect of a business transaction (3.8) |
| Custody |
Association between a Person (3.52) and an economic resource (3.28) where the Person (3.52) has physical control only over the resource or controls access |
| Data |
Representations of recorded information (3.56) that are being prepared or have been prepared in a form suitable for use in a computer system |
| Defined Market Model |
Trade model where the buyer (3.11) and seller (3.61) accept the entry terms of a specified market in advance and where that market has an accepted and recognized source for business rules and conventions |
| Duality |
Association between economic events (3.25) where one is the legal or economic consideration for the other in an exchange |
| Economic Agreement |
Arrangement of reciprocated economic commitments (3.22) between two partners (3.51) where the abstract specification of terms of trade is incomplete and not subject to legal enforcement |
| Economic Bundle |
Association between economic commitments (3.22) and the economic contract (3.23) that bundles those promises and binds them to the two partners (3.51) who negotiated them |
| Economic Claim |
Expectation of one Person (3.52) to receive a future inflow of economic resources (3.28) from another Person (3.52) because of an economic exchange (3.27) which is currently incomplete |
| Economic Commitment |
Type of commitment (3.13) by one Person (3.52) to transfer economic resources (3.28) to another Person (3.52) at some specified point in the future |
| Economic Contact |
Bundling of reciprocated economic commitments (3.22) between two partners (3.51) where the abstract specification of the proposed economic exchange (3.27) is deemed to be complete |
| Economic Control |
Association between a Person (3.52) and an economic resource (3.28) where the Person (3.52) either owns the economic resource (3.28) or is otherwise able to derive economic benefit (utility) from it |
| Economic Event |
Occurrence in time wherein ownership of an economic resource (3.28) is transferred from one Person (3.52) to another Person (3.52) |
| Economic Event Type |
Abstract specification of an economic event (3.25) where its grouped properties can be designated without attachment to an actual, specific occurrence in time |
| Economic Exchange |
Type of a business transaction (3.8) where the goal is an exchange of economic resources (3.28) between two Persons (3.52) where both parties derive higher utility after the completed business transaction (3.8) |
| Economic Resource |
Good, right, or service of value, under the control of a Person (3.52) |
| Economic Resource Type |
Abstract specification of an economic resource (3.28) where its grouped properties can be designated without attachment to an actual, specific economic resource (3.28) |
| Economic Role |
Abstract specification of a Person (3.52) for economic purposes where its grouped properties can be designated without attachment to an actual Person (3.52) |
| Economic Specification |
Association between an economic commitment (3.22) and the abstract properties of an economic event (3.25), an economic resource (3.28), a partner (3.51), or a business location (3.6) |
| Entity |
Concrete or abstract thing that exists, did exist, or might exist including associations among these things |
| External Constraint |
Constraint (3.14) which takes precedence over internal constraints (3.38) in a business transaction (3.8), i.e. is external to those agreed upon by the parties to a business transaction (3.8) |
| Fulfillment |
Association between an economic commitment (3.22) and an economic event (3.25) where the event executes the promised resource flow from one Person (3.52) to another |
| Governed |
Association between an economic agreement (3.19) and the business transaction (3.8) whose conduct and phases are subject to that economic agreement (3.19) |
| Individual |
Person (3.52) who is a human being, i.e. a natural person, who acts as a distinct indivisible entity or is considered as such |
| Information Bundle |
Formal description of the semantics of the information to be exchanged by Open-edi Parties (3.45) playing roles (3.60) in an Open-edi scenario (3.46) |
| Internal Constraint |
Constraint (3.14) which forms part of the commitment(s) (3.13) mutually agreed to among the parties to a business transaction (3.8) |
| Location Type |
Abstract specification of an economic location where its grouped properties can be designated without attachment to an actual place |
| Materialized |
Association between an economic event (3.25) and an economic claim (3.21) where the occurrence of the economic event (3.25) causes the economic claim (3.21) to come into existence |
| Mediated Transaction |
Sub-type of a business transaction (3.8) where a third party (3.65) mediates between the partners (3.51) as mutually agreed to by the partners (3.51) |
| Object |
Anything perceivable or conceivable |
| Open EDI |
Electronic data interchange among multiple autonomous Persons (3.52) to accomplish an explicit shared business (3.4) goal according to Open-edi standards |
| Open EDI Business Transaction Ontology |
Formal, rule-based specification and definition of the concepts pertaining to business transactions (3.8) and scenarios and the relationships that hold among those concepts |
| Open EDI Party |
Person (3.52) that participates in Open-edi (3.43) |
| Open EDI Scenario |
Formal specification of a class of business transactions (3.8) having the same business (3.4) goal |
| Organization |
Unique framework of authority within which a person or persons act, or are designated to act, towards some purpose |
| Organization Part |
Any department, service, or other entity (3.32) within an organization (3.47), which needs to be identified for information interchange |
| Organization Person |
Organization part (3.48) which has the properties of a Person (3.52) and thus is able to make commitments (3.13) on behalf of that organization (3.47) |
| Participates |
Association between an economic event (3.25) and each of the two Persons (3.52) participating in the economic event (3.25) |
| Partner |
Sub-type of Person (3.52) that includes buyer (3.11) and seller (3.61) |
| Person |
Entity (3.32), i.e. a natural or legal person, recognized by law as having legal rights and duties, able to make commitment(s) (3.13), assume and fulfill resulting obligation(s), and able to be held accountable for its action(s) |
| Process |
Series of actions or events taking place in a defined manner leading to the accomplishment of an expected result |
| Public Administration |
Entity (3.32), i.e. a Person (3.52), which is an organization (3.47) and has the added attribute of being authorized to act on behalf of a regulator (3.57) |
| Reciprocal |
Association between economic commitments (3.22) where the promise by one partner (3.51) to execute an economic resource (3.28) transfer in the future is reciprocated by the other partner (3.51) promising a requited transfer in the opposite direction |
| Recorded Informatoin |
Any information that is recorded on or in a medium, irrespective of form, recording medium, or technology utilized, and in a manner allowing for storage and retrieval |
| Regulator |
Person (3.52) who has the authority to prescribe external constraints (3.33) which serve as principles, policies, or rules governing or prescribing the behavior of Persons (3.52) involved in a business transaction (3.8), as well as the provisioning of goods, services, and/or rights interchanged |
| Resource Flow |
Association between an economic event (3.25) and an economic resource (3.28) |
| Responsibility |
Association between Persons (3.52) where one is responsible for the other or between a Person (3.52) and an organization Person (3.49) where that Person (3.52) is assigned |
| Role |
Specification which models an external intended behaviour (as allowed within a scenario) of an Open-edi Party (3.45) |
| Seller |
Person (3.52) who aims to hand over, voluntarily or in response to a demand or a request, a good, service, and/or right to another Person (3.52) and in return receives an acceptable equivalent value, usually in money, for the good, service, and/or right provided |
| Semantic Component |
Unit of recorded information (3.56) unambiguously defined in the context of the business (3.4) goal of the business transaction (3.8) |
| Settlement |
Association between a requiting economic event (3.25) and an economic claim (3.21) where the occurrence of the event causes the economic claim (3.21) to expire |
| Site |
Association between an economic event (3.25) and the business location (3.6) where the transfer of economic resources (3.28) involved in that event is deemed to have occurred |
| Third Party |
Person (3.52) besides the two primarily concerned in a business transaction (3.8) who is agent (3.1) of neither and who fulfills a specified role or function as mutually agreed to by the two primary Persons (3.52) or as a result of external constraints (3.33) |
| Typification |
Association between a concrete entity (3.32) and the abstract specification of its grouped properties |
| Undefined Market Model |
Trade model where participants are not registered in advance and where that market does not have accepted and recognized sources for business rules and conventions |