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<?xml version="1.0" encoding="UTF-8"?>
<!DOCTYPE rdf:RDF [
	<!ENTITY cmns-av "https://www.omg.org/spec/Commons/AnnotationVocabulary/">
	<!ENTITY cmns-col "https://www.omg.org/spec/Commons/Collections/">
	<!ENTITY cmns-cxtdsg "https://www.omg.org/spec/Commons/ContextualDesignators/">
	<!ENTITY dct "http://purl.org/dc/terms/">
	<!ENTITY fibo-fnd-acc-cur "https://spec.edmcouncil.org/fibo/ontology/FND/Accounting/CurrencyAmount/">
	<!ENTITY fibo-fnd-agr-agr "https://spec.edmcouncil.org/fibo/ontology/FND/Agreements/Agreements/">
	<!ENTITY fibo-fnd-agr-ctr "https://spec.edmcouncil.org/fibo/ontology/FND/Agreements/Contracts/">
	<!ENTITY fibo-fnd-dt-fd "https://spec.edmcouncil.org/fibo/ontology/FND/DatesAndTimes/FinancialDates/">
	<!ENTITY fibo-fnd-dt-oc "https://spec.edmcouncil.org/fibo/ontology/FND/DatesAndTimes/Occurrences/">
	<!ENTITY fibo-fnd-law-lcap "https://spec.edmcouncil.org/fibo/ontology/FND/Law/LegalCapacity/">
	<!ENTITY fibo-fnd-pas-pas "https://spec.edmcouncil.org/fibo/ontology/FND/ProductsAndServices/ProductsAndServices/">
	<!ENTITY fibo-fnd-pas-psch "https://spec.edmcouncil.org/fibo/ontology/FND/ProductsAndServices/PaymentsAndSchedules/">
	<!ENTITY fibo-fnd-pty-pty "https://spec.edmcouncil.org/fibo/ontology/FND/Parties/Parties/">
	<!ENTITY fibo-fnd-pty-rl "https://spec.edmcouncil.org/fibo/ontology/FND/Parties/Roles/">
	<!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 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/FND/ProductsAndServices/PaymentsAndSchedules/"
	xmlns:cmns-av="https://www.omg.org/spec/Commons/AnnotationVocabulary/"
	xmlns:cmns-col="https://www.omg.org/spec/Commons/Collections/"
	xmlns:cmns-cxtdsg="https://www.omg.org/spec/Commons/ContextualDesignators/"
	xmlns:dct="http://purl.org/dc/terms/"
	xmlns:fibo-fnd-acc-cur="https://spec.edmcouncil.org/fibo/ontology/FND/Accounting/CurrencyAmount/"
	xmlns:fibo-fnd-agr-agr="https://spec.edmcouncil.org/fibo/ontology/FND/Agreements/Agreements/"
	xmlns:fibo-fnd-agr-ctr="https://spec.edmcouncil.org/fibo/ontology/FND/Agreements/Contracts/"
	xmlns:fibo-fnd-dt-fd="https://spec.edmcouncil.org/fibo/ontology/FND/DatesAndTimes/FinancialDates/"
	xmlns:fibo-fnd-dt-oc="https://spec.edmcouncil.org/fibo/ontology/FND/DatesAndTimes/Occurrences/"
	xmlns:fibo-fnd-law-lcap="https://spec.edmcouncil.org/fibo/ontology/FND/Law/LegalCapacity/"
	xmlns:fibo-fnd-pas-pas="https://spec.edmcouncil.org/fibo/ontology/FND/ProductsAndServices/ProductsAndServices/"
	xmlns:fibo-fnd-pas-psch="https://spec.edmcouncil.org/fibo/ontology/FND/ProductsAndServices/PaymentsAndSchedules/"
	xmlns:fibo-fnd-pty-pty="https://spec.edmcouncil.org/fibo/ontology/FND/Parties/Parties/"
	xmlns:fibo-fnd-pty-rl="https://spec.edmcouncil.org/fibo/ontology/FND/Parties/Roles/"
	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: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/FND/ProductsAndServices/PaymentsAndSchedules/">
		<rdfs:label>Payments and Schedules Ontology</rdfs:label>
		<dct:abstract>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.</dct:abstract>
		<dct:license rdf:datatype="&xsd;anyURI">https://opensource.org/licenses/MIT</dct:license>
		<owl:imports rdf:resource="https://spec.edmcouncil.org/fibo/ontology/FND/Accounting/CurrencyAmount/"/>
		<owl:imports rdf:resource="https://spec.edmcouncil.org/fibo/ontology/FND/Agreements/Agreements/"/>
		<owl:imports rdf:resource="https://spec.edmcouncil.org/fibo/ontology/FND/Agreements/Contracts/"/>
		<owl:imports rdf:resource="https://spec.edmcouncil.org/fibo/ontology/FND/DatesAndTimes/FinancialDates/"/>
		<owl:imports rdf:resource="https://spec.edmcouncil.org/fibo/ontology/FND/DatesAndTimes/Occurrences/"/>
		<owl:imports rdf:resource="https://spec.edmcouncil.org/fibo/ontology/FND/Law/LegalCapacity/"/>
		<owl:imports rdf:resource="https://spec.edmcouncil.org/fibo/ontology/FND/Parties/Parties/"/>
		<owl:imports rdf:resource="https://spec.edmcouncil.org/fibo/ontology/FND/Parties/Roles/"/>
		<owl:imports rdf:resource="https://spec.edmcouncil.org/fibo/ontology/FND/ProductsAndServices/ProductsAndServices/"/>
		<owl:imports rdf:resource="https://spec.edmcouncil.org/fibo/ontology/FND/Relations/Relations/"/>
		<owl:imports rdf:resource="https://spec.edmcouncil.org/fibo/ontology/FND/Utilities/AnnotationVocabulary/"/>
		<owl:imports rdf:resource="https://www.omg.org/spec/Commons/AnnotationVocabulary/"/>
		<owl:imports rdf:resource="https://www.omg.org/spec/Commons/Collections/"/>
		<owl:imports rdf:resource="https://www.omg.org/spec/Commons/ContextualDesignators/"/>
		<owl:versionIRI rdf:resource="https://spec.edmcouncil.org/fibo/ontology/FND/20230301/ProductsAndServices/PaymentsAndSchedules/"/>
		<skos:changeNote>The https://spec.edmcouncil.org/fibo/ontology/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.</skos:changeNote>
		<skos:changeNote>The https://spec.edmcouncil.org/fibo/ontology/FND/20160201/ProductsAndServices/PaymentsAndSchedules.rdf version of this ontology was modified per the FIBO 2.0 RFC to make hasPaymentAmount a child of hasMonetaryAmount and move hasObligation and isObligationOf to Agreements.</skos:changeNote>
		<skos:changeNote>The https://spec.edmcouncil.org/fibo/ontology/FND/20181001/ProductsAndServices/PaymentsAndSchedules.rdf version of this ontology was modified to eliminate deprecated elements.</skos:changeNote>
		<skos:changeNote>The https://spec.edmcouncil.org/fibo/ontology/FND/20190901/ProductsAndServices/PaymentsAndSchedules.rdf version of this ontology was modified to revise payments to better support loan requirements and eliminate duplication of concepts in LCC.</skos:changeNote>
		<skos:changeNote>The https://spec.edmcouncil.org/fibo/ontology/FND/20200201/ProductsAndServices/PaymentsAndSchedules.rdf version of this ontology was modified to eliminate remaining circular references.</skos:changeNote>
		<skos:changeNote>The https://spec.edmcouncil.org/fibo/ontology/FND/20210201/ProductsAndServices/PaymentsAndSchedules.rdf version of this ontology was modified to fix spelling errors.</skos:changeNote>
		<skos:changeNote>The https://spec.edmcouncil.org/fibo/ontology/FND/20211201/ProductsAndServices/PaymentsAndSchedules.rdf version of this ontology was modified to clean up the definition and augment the restrictions on payment obligation to include the payee.</skos:changeNote>
		<skos:changeNote>The https://spec.edmcouncil.org/fibo/ontology/FND/20220301/ProductsAndServices/PaymentsAndSchedules.rdf version of the ontology was modified to use the Commons Ontology Library (Commons) Annotation Vocabulary rather than the OMG&apos;s Specification Metadata vocabulary.</skos:changeNote>
		<skos:changeNote>The https://spec.edmcouncil.org/fibo/ontology/FND/20230101/ProductsAndServices/PaymentsAndSchedules.rdf version of this ontology was modified to use the Commons Ontology Library (Commons) rather than the OMG&apos;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) 2013-2023 EDM Council, Inc.</cmns-av:copyright>
		<cmns-av:copyright>Copyright (c) 2013-2023 Object Management Group, Inc.</cmns-av:copyright>
	</owl:Ontology>
	
	<owl:Class rdf:about="&fibo-fnd-pas-psch;Payee">
		<rdfs:subClassOf rdf:resource="&fibo-fnd-agr-agr;Obligee"/>
		<rdfs:subClassOf>
			<owl:Restriction>
				<owl:onProperty rdf:resource="&fibo-fnd-pty-rl;isPlayedBy"/>
				<owl:someValuesFrom>
					<owl:Restriction>
						<owl:onProperty rdf:resource="&fibo-fnd-pty-pty;isAPartyTo"/>
						<owl:someValuesFrom rdf:resource="&fibo-fnd-pas-psch;PaymentObligation"/>
					</owl:Restriction>
				</owl:someValuesFrom>
			</owl:Restriction>
		</rdfs:subClassOf>
		<rdfs:label>payee</rdfs:label>
		<skos:definition>a party to whom a debt should be paid, or to whose order a bill of exchange, note, or check is made payable, or who receives or will receive a payment from a payer in partial or complete fulfillment of an obligation</skos:definition>
	</owl:Class>
	
	<owl:Class rdf:about="&fibo-fnd-pas-psch;Payer">
		<rdfs:subClassOf rdf:resource="&fibo-fnd-agr-agr;Obligor"/>
		<rdfs:subClassOf>
			<owl:Restriction>
				<owl:onProperty rdf:resource="&fibo-fnd-agr-agr;hasObligation"/>
				<owl:allValuesFrom rdf:resource="&fibo-fnd-pas-psch;PaymentObligation"/>
			</owl:Restriction>
		</rdfs:subClassOf>
		<rdfs:label>payer</rdfs:label>
		<skos:definition>a party who pays a bill or fees, or who makes payments to a payee in partial or complete fulfillment of an obligation</skos:definition>
	</owl:Class>
	
	<owl:Class rdf:about="&fibo-fnd-pas-psch;Payment">
		<rdfs:subClassOf rdf:resource="&fibo-fnd-dt-oc;Occurrence"/>
		<rdfs:subClassOf>
			<owl:Restriction>
				<owl:onProperty rdf:resource="&fibo-fnd-pas-psch;hasPaymentAmount"/>
				<owl:someValuesFrom rdf:resource="&fibo-fnd-acc-cur;MonetaryAmount"/>
			</owl:Restriction>
		</rdfs:subClassOf>
		<rdfs:label>payment</rdfs:label>
		<skos:definition>delivery of money in fulfillment of an obligation, such as to satisfy a claim or debt</skos:definition>
	</owl:Class>
	
	<owl:Class rdf:about="&fibo-fnd-pas-psch;PaymentEvent">
		<rdfs:subClassOf rdf:resource="&fibo-fnd-pas-pas;TransactionEvent"/>
		<rdfs:subClassOf>
			<owl:Restriction>
				<owl:onProperty rdf:resource="&fibo-fnd-rel-rel;involves"/>
				<owl:onClass rdf:resource="&fibo-fnd-pas-psch;Payment"/>
				<owl:qualifiedCardinality rdf:datatype="&xsd;nonNegativeInteger">1</owl:qualifiedCardinality>
			</owl:Restriction>
		</rdfs:subClassOf>
		<rdfs:subClassOf>
			<owl:Restriction>
				<owl:onProperty rdf:resource="&cmns-cxtdsg;appliesTo"/>
				<owl:onClass rdf:resource="&fibo-fnd-pas-psch;PaymentObligation"/>
				<owl:qualifiedCardinality rdf:datatype="&xsd;nonNegativeInteger">1</owl:qualifiedCardinality>
			</owl:Restriction>
		</rdfs:subClassOf>
		<rdfs:label>payment event</rdfs:label>
		<skos:definition>an event that involves delivery of money in fulfillment of an obligation</skos:definition>
	</owl:Class>
	
	<owl:Class rdf:about="&fibo-fnd-pas-psch;PaymentObligation">
		<rdfs:subClassOf rdf:resource="&fibo-fnd-agr-agr;Commitment"/>
		<rdfs:subClassOf rdf:resource="&fibo-fnd-law-lcap;Duty"/>
		<rdfs:subClassOf>
			<owl:Restriction>
				<owl:onProperty rdf:resource="&fibo-fnd-rel-rel;isConferredBy"/>
				<owl:allValuesFrom rdf:resource="&fibo-fnd-agr-ctr;Contract"/>
			</owl:Restriction>
		</rdfs:subClassOf>
		<rdfs:subClassOf>
			<owl:Restriction>
				<owl:onProperty rdf:resource="&fibo-fnd-agr-agr;isObligationOf"/>
				<owl:someValuesFrom rdf:resource="&fibo-fnd-pas-psch;Payer"/>
			</owl:Restriction>
		</rdfs:subClassOf>
		<rdfs:subClassOf>
			<owl:Restriction>
				<owl:onProperty rdf:resource="&fibo-fnd-pty-pty;hasPartyInRole"/>
				<owl:someValuesFrom rdf:resource="&fibo-fnd-pas-psch;Payee"/>
			</owl:Restriction>
		</rdfs:subClassOf>
		<rdfs:label>payment obligation</rdfs:label>
		<skos:definition>legally enforceable duty to pay a sum of money according to the terms stated in a contract</skos:definition>
		<skos:example>the duty of a borrower to repay a loan, related to the legal right of a lender to enforce payment</skos:example>
	</owl:Class>
	
	<owl:Class rdf:about="&fibo-fnd-pas-psch;PaymentSchedule">
		<rdfs:subClassOf rdf:resource="&fibo-fnd-dt-fd;Schedule"/>
		<rdfs:subClassOf>
			<owl:Restriction>
				<owl:onProperty rdf:resource="&cmns-col;hasConstituent"/>
				<owl:someValuesFrom rdf:resource="&fibo-fnd-pas-psch;Payment"/>
			</owl:Restriction>
		</rdfs:subClassOf>
		<rdfs:label>payment schedule</rdfs:label>
		<skos:definition>schedule for delivery of money in fulfillment of an obligation</skos:definition>
		<skos:example>Examples include coupon payment, loan payment, and interest payment schedules, among others.</skos:example>
	</owl:Class>
	
	<owl:ObjectProperty rdf:about="&fibo-fnd-pas-psch;fulfillsObligation">
		<rdfs:label>fulfills obligation</rdfs:label>
		<rdfs:domain rdf:resource="&fibo-fnd-pas-psch;Payment"/>
		<rdfs:range rdf:resource="&fibo-fnd-pas-psch;PaymentObligation"/>
		<skos:definition>satisfies a requirement for payment of some claim, debt, or other obligation</skos:definition>
	</owl:ObjectProperty>
	
	<owl:ObjectProperty rdf:about="&fibo-fnd-pas-psch;hasPaymentAmount">
		<rdfs:subPropertyOf rdf:resource="&fibo-fnd-acc-cur;hasMonetaryAmount"/>
		<rdfs:label>has payment amount</rdfs:label>
		<rdfs:domain rdf:resource="&fibo-fnd-pas-psch;Payment"/>
		<rdfs:range rdf:resource="&fibo-fnd-acc-cur;MonetaryAmount"/>
		<skos:definition>specifies the amount of money involved in a payment</skos:definition>
	</owl:ObjectProperty>
	
	<owl:ObjectProperty rdf:about="&fibo-fnd-pas-psch;hasPaymentSchedule">
		<rdfs:label>has payment schedule</rdfs:label>
		<rdfs:range rdf:resource="&fibo-fnd-pas-psch;PaymentSchedule"/>
		<skos:definition>specifies the schedule for fulfillment of an obligation</skos:definition>
	</owl:ObjectProperty>

</rdf:RDF>