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An ontology capturing the essence of what it means to hold an account with some other party

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account-ontology

An ontology capturing the essence of what it means to hold an account with some other party

Motivation

The purpose of creating this ontology is to support the formation of a life object, where a person's life data is captured in a variety of ways including the relationships they have with other organisations. A relationship with an organisation, such as a utility company or a healthcare provider or even a government, typically is formalised in the form of a contract of services.

This ontology tries to create a representation of that contract of services in a general enough way to enable the capture of essential data about all kinds of services, as well as making that capture intuitive, and human readable.

Key concepts

  • party, service provider, service consumer
  • contract, agreement, relationship
  • term, interval, period
  • commitment, contractual undertaking, obligation, right, duty, permission, access to,
  • service
  • service fee, recompense
  • service consumption, service delivery
  • service contract identifier, account number
  • account, balance, credit, debit, pre/post payment
  • service component, service entitlement, service offering,
  • regulation, law, constraint, contractual qualification,

objectives

  • brevity (confined to relevant details from consumer end)
  • linkage to a consistent upper ontology
  • consistent representation for all types of contract and industry
  • capturing temporal boundedness of relations
  • providing a place to record incidents of service provision
  • capture information worthy of long term retention
  • provide inferences based on semantics of contracts?

Concepts Explored

This section tries to explain in english what nuances are intended to be captured in each concept.

party, service provider, service consumer

Assuming that an account or service relationship is a form of legally binding relationship between two parties, then the entities that can be party to such a contract are meant by party here.

Unpacking that concept, in the context of the record of relationships that is a lob, there are roles fulfilled by the parties in such relationships. Broadly, they are service provider and service consumer. At least in this context there is no implication that those parties are people or organisations. In fact, a person can act as a service provider.

contract, agreement, relationship

term, interval, period

commitment, contractual undertaking, obligation, right, duty, permission, access to,

service

service fee, recompense

service consumption, service delivery

service contract identifier, account number

account, balance, credit, debit, pre/post payment

service component, service entitlement, service offering,

regulation, law, constraint, contractual qualification,

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