Container for records associated with a business arrangement for regular transactions and services. In general, account will have a subclass that represents the account type and will be related to a person who is the account holder; it will have an account number, balance and interest rate associated with it.
Periodic summary of account activity for a given period of time.
A structured set of information that describes the location of a place or property, typically including street, city, postal code, and country.
A legal document used to verify an agreement between two or more parties.
A structured process of repaying a loan or debt over time through scheduled periodic payments that cover interest and typically portions of the principal amount.
The state of being behind in fulfilling financial obligations, such as missed or overdue loan or mortgage payments.
The risk that accumulated unpaid obligations or overdue payments lead to loan delinquency, legal action, or foreclosure.
Event involving the evaluation or estimation of the nature, quality, or ability of someone or something.
A report indicating the details of an assessed asset and its estimated value and condition.
Something of economic value owned or controlled by an entity that is expected to provide future benefit.
The risk of financial loss arising from the reduction in value, impairment, or loss of an asset used as collateral for a mortgage or loan.
A quantified statement of the amount of money held in an account at a given point in time, representing either a credit or debit position.
The commercial name of the organisational body of the institute.
Original document certifying the circumstances of the birth, or a certified copy or representation of the ensuing registration of that birth.
A debt security under which the issuer owes the holders a debt and is obliged to pay interest and repay the principal at a later date, known as maturity.
A party that receives money or other assets under a loan agreement and is obligated to repay them under specified terms.
A part of an organisational structure where financial operations are made.
Actual execution of some computation or operation that was scheduled or triggered by something.
Document attesting to the truth of some fact or set of facts.
Legal document that records the formal terms and conditions of some contract.
An intentional act or measure taken to influence, adjust, or manage a financial process, risk, or contractual condition.
An account maintained by a financial institution that records transactions and credit extended to a cardholder under a revolving line of credit, including purchases, repayments, interest, and fees.
An evaluation of a borrower’s credit history and financial reliability conducted to assess their ability to repay a loan or mortgage.
The risk associated with incorrect or incomplete assessment of a borrower's creditworthiness, leading to potential default or mispricing of credit.
A numerical expression derived from a borrower’s credit information that represents their creditworthiness and likelihood of meeting debt obligations.
A system of money in common use, typically issued by a government or monetary authority, serving as a medium of exchange and unit of account.
Original document certifying the circumstances of the death, or a certified copy or representation of the ensuing registration of that death.
A notice given to a person before taking over an asset to recover the loan account, indicating failure to make required payments for a number of times.
A lifecycle stage representing that the loan is past due or in arrears, but not yet fully resolved or recovered.
Account that provides a record of money placed with a depository institution for safekeeping and management.
A financial instrument whose value is derived from the value of one or more underlying assets, rates, or indices.
Unitary expression of some realization of an intellectual or artistic work. A document, especially a legal document, may serve to establish one or several facts, and can be relied upon as a proof thereof.
A verification process confirming the authenticity, completeness, and validity of submitted identification and financial documents in a mortgage or loan application.
The risk arising from inaccurate, falsified, or incomplete documentation provided during the mortgage or loan verification process.
Official document stating that a person may operate a motorized vehicle on a public roadway or provides official identifying information for a non-driver.
A payment that was made on or before its due date.
A payment that was made before the due date.
Recurring or one-off monetary outflows incurred by a borrower or entity, such as living costs, debt repayments, or other financial obligations that reduce disposable income.
A state or condition in which an entity is subject to potential loss, harm, or risk due to its involvement in or relationship with another entity, activity, or event.
The exchange of one currency for another, typically conducted through spot or derivative transactions in the foreign exchange market.
The extent to which a party is subject to potential monetary loss arising from market movements, credit events, liquidity changes, or other financial risks.
A contractual arrangement that represents a financial asset to one party and a financial liability or equity instrument to another.
Product provided to consumers and businesses by a depository institution.
A summary of all previous financial record for a person.
Extends selected FIBO concepts for mortgage and financial risk modelling (ISO 31000–aligned).
EDMC Financial Industry Business Ontology (FIBO)
Ontology for organisational structure, financial risks, and mortgage product lifecycle.
This ontology reuses and extends concepts from the EDMC FIBO ontologies.
An event indicating taking over an asset due to failure of a number of payments.
A party that undertakes to fulfil the obligations of a borrower if that borrower fails to do so under the terms of a financial contract.
Any legal document which may be used to verify aspects of a person's identity.
Any monetary amount received by an individual or entity from employment, investments, financial products, or other sources within a defined period. A key attribute influencing affordability, repayment capacity, and exposure to credit risk.
A financial institution that provides insurance services by underwriting risk in exchange for premiums, and compensates policyholders or beneficiaries in the event of specified losses or events.
A charge for the use of borrowed money, typically expressed as a percentage of the principal amount over a specified period.
Event reflecting the calculation of interest.
Event reflecting a potential adjustment to an interest rate, typically corresponding to a change in the underlying benchmark interest rate or index specified in the contract.
Account that provides a record of deposits of funds and/or securities held at a financial institution. Objectives are typically long term growth, income or capital preservation from the deposited asset portfolio; investment accounts are typically not insured.
A payment that was made after the indicated due date.
The risk that a borrower delays scheduled payments beyond their due date, causing potential penalties, interest accumulation, or credit score degradation.
Document specifying the terms of, or providing evidence for, an agreement, attestation, certification, conditions, permissions, and/or decisions of legal persons, government entities, or courts of law.
A financial obligation or debt owed by a borrower or entity to another party, requiring future payments of cash, goods, or services.
A distinct phase in the operational, contractual, or financial life of a product or service that delineates its status, activities, and responsibilities within an overall process.
An account established by a lender to record the principal, interest, and payment history associated with a specific loan granted to a borrower.
A structured plan that specifies the sequence, timing, and amount of payments required to repay a loan or mortgage.
The ongoing management of the loan between disbursement and payoff.
A geographical place or position that can be identified within a spatial reference system.
The risk that a borrower fails to make one or more required loan or mortgage payments, resulting in arrears or default.
A loan secured by real property, under which the borrower gives the lender a lien on the property as collateral for the debt.
A formal request submitted by a borrower to a lender for a mortgage loan, including personal, financial, and property information used in credit and risk assessment.
A contract document detailing the contract for a mortgage, including parties, upfront payment, interest rate, late payment fees, arrears allowed before foreclose, start date, end date and collateral.
The potential for financial loss or adverse impact associated with a mortgage agreement, including credit, property, and payment-related uncertainties.
Announcement, communication, intimation, or advance warning of something, usually, but not necessarily, to allow preparations to be made.
Happening of an Occurrence Kind, i.e., an event.
A large body of smaller institutes responsible for financial operations.
Formal identity document, issued by a national government, which certifies the identity and nationality of its holder for the purpose of international travel.
Delivery of money in fulfilment of an obligation, such as to satisfy a claim or debt.
An account used to execute payment transactions, such as the deposit and withdrawal of funds, and to store money available for immediate use through instruments like debit cards, transfers, or direct debits.
A human being considered as an individual legal or natural person capable of entering into agreements and holding rights or obligations.
Commercially distributed good that is tangible property, the output of a production process, or something that passes through a distribution channel before being consumed or used.
A tangible or intangible thing owned by a person or organization, over which ownership rights or interests are held.
Event that involves analysing one or more aspects of a real property.
A qualitative or quantitative evaluation assigned to an entity, asset, or exposure reflecting its credit quality, performance, or risk profile.
Memorialization and objective evidence of activities performed, events occurred, results achieved, or statements made, regardless of its characteristics, media, physical form, or the manner in which it is recorded or stored.
An evaluation of an applicant’s past records or history, such as payment performance or legal standing, as part of a credit or mortgage assessment.
Document that provides a structured description of something, prepared on ad hoc, periodic, recurring, regular, or as required basis.
The possibility of an event or condition that, if it occurs, has a negative impact on objectives, outcomes, or value.
An event indicating the evaluation of risk for a whole or part of a product life cycle.
A qualitative or quantitative categorization of the magnitude or severity of a risk, typically derived from the combination of likelihood and impact assessments.
Sources of the risks associated with the lifecycle stages.
A process, action, or set of measures intended to modify a risk by reducing, avoiding, transferring, or accepting it.
A function, capacity, or position that a party assumes in a given context, defining its responsibilities, rights, or relationships.
A financial instrument that signifies ownership interest in a company or entity, representing a claim on part of its assets and earnings.
An event that indicates movement of finances in or out of an account.
A record for all previous transactions made by a person.
Assessment event to estimate the value of something.