]> Loan Products Ontology This ontology describes loan and mortgage loan products. A product as defined here is something marketed and offered for sale, in this case a loan, such that when a customer takes on the product, they become signatories to a corresponding loan contract. A loan product in this sense is a contractual , off-the-shelf product with terms corresponding to those in the actual contract when it is signed. https://opensource.org/licenses/MIT Copyright (c) 2016-2023 EDM Council, Inc. auto loan purpose bridging loan purpose construction loan purpose credit card receivable purpose home equity loan purpose 0 0 line item description of a product or service including its unit cost, number of units and total cost Future consideration: move this to ProductsAndServices ontology (fibo-fnd-pas-pas). loan market category category indicating the market domain in which the loan product is offered auto loan commercial loan construction loan education loan mortgage loan personal loan small business loan This is related to the mortgage loan purpose: 'business or commercial'. 0 0 0 loan product financial product that is realized as a loan that a party may acquire from a lending institution with specific characteristics and terms loan product disclosure right Right to fair representation of the facts about Loan products before entrering into agreements for same. 0 loan offering offering related to a loan product that may be a tailored to particular circumstances, aimed at a group of borrowers or individual borrower loan purpose A selection of different types of loan purpose, being the purpose for which and manner in which loan (credit) draw-down amounts are to be used. This shows the purpose for which credit is to be used, and implies certain kinds of fact that relate to that specific type of loan e.g. mortgages. These are also identified as tranche types in tranches of a credit facility. 0 mortgage product motorhome loan purpose ordinary loan purpose overdraft facility purpose residential houseboat loan purpose student loan purpose working capital purpose has preconditions has unit cost relates an item to its unit cost Future consideration: move this property to ProductsAndServices ontology (fibo-fnd-pas-pas).