FND-333 #comment - eliminated circular definitions remaining in Found…

…ations ontologies

Signed-off-by: Elisa Kendall <[email protected]>

FND/Arrangements/ClassificationSchemes.rdf

@@ -31,9 +31,9 @@
 		<rdfs:label>Classification Schemes Ontology</rdfs:label>
 		<dct:abstract>This ontology defines abstract concepts for representation of classification schemes that themselves are intended to permit the classification of arbitrary concepts into hierarchies (or partial orders) for use in other FIBO ontology elements.</dct:abstract>
 		<dct:license rdf:datatype="&xsd;anyURI">http://opensource.org/licenses/MIT</dct:license>
-		<sm:contentLanguage rdf:datatype="&xsd;anyURI">http://www.w3.org/standards/techs/owl#w3c_all</sm:contentLanguage>
-		<sm:copyright>Copyright (c) 2014-2020 EDM Council, Inc.</sm:copyright>
-		<sm:copyright>Copyright (c) 2014-2020 Object Management Group, Inc.</sm:copyright>
+		<sm:contentLanguage rdf:datatype="&xsd;anyURI">https://www.w3.org/TR/owl2-quick-reference/</sm:contentLanguage>
+		<sm:copyright>Copyright (c) 2014-2021 EDM Council, Inc.</sm:copyright>
+		<sm:copyright>Copyright (c) 2014-2021 Object Management Group, Inc.</sm:copyright>
 		<sm:dependsOn rdf:datatype="&xsd;anyURI">https://spec.edmcouncil.org/fibo/ontology/FND/Arrangements/Arrangements/</sm:dependsOn>
 		<sm:dependsOn rdf:datatype="&xsd;anyURI">https://spec.edmcouncil.org/fibo/ontology/FND/Relations/Relations/</sm:dependsOn>
 		<sm:dependsOn rdf:datatype="&xsd;anyURI">https://spec.edmcouncil.org/fibo/ontology/FND/Utilities/AnnotationVocabulary/</sm:dependsOn>
@@ -44,10 +44,11 @@
 		<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/LCC/Countries/CountryRepresentation/"/>
-		<owl:versionIRI rdf:resource="https://spec.edmcouncil.org/fibo/ontology/FND/20200701/Arrangements/ClassificationSchemes/"/>
+		<owl:versionIRI rdf:resource="https://spec.edmcouncil.org/fibo/ontology/FND/20210201/Arrangements/ClassificationSchemes/"/>
 		<skos:changeNote>The https://spec.edmcouncil.org/fibo/ontology/FND/20150501/Arrangements/ClassificationSchemes.rdf version of this ontology was introduced as a part of the initial FIBO FBC RFC and revised due to changes introduced in the FIBO 2.0 RFC.</skos:changeNote>
 		<skos:changeNote>The https://spec.edmcouncil.org/fibo/ontology/FND/20180801/Arrangements/ClassificationSchemes.rdf version of this ontology was revised to replace hasDefinition with isDefinedIn to clarify intent.</skos:changeNote>
 		<skos:changeNote>The https://spec.edmcouncil.org/fibo/ontology/FND/20190701/Arrangements/ClassificationSchemes.rdf version of this ontology was revised to eliminate duplication of concepts in LCC and change the parent class of Classifier to Aspect in Analytics.</skos:changeNote>
+		<skos:changeNote>The https://spec.edmcouncil.org/fibo/ontology/FND/20200701/Arrangements/ClassificationSchemes.rdf version of this ontology was revised to eliminate circular definitions.</skos:changeNote>
 		<fibo-fnd-utl-av:hasMaturityLevel rdf:resource="&fibo-fnd-utl-av;Release"/>
 	</owl:Ontology>
 
@@ -60,9 +61,9 @@
 			</owl:Restriction>
 		</rdfs:subClassOf>
 		<rdfs:label>classification scheme</rdfs:label>
-		<skos:definition>system for allocating classifiers (elements in a classification scheme) to objects, similar to identifiers in some cases; such classification schemes are intended to permit the classification of arbitrary objects into hierarchies (or partial orders)</skos:definition>
+		<skos:definition>system for allocating classifiers to objects</skos:definition>
 		<fibo-fnd-utl-av:adaptedFrom>ISO/IEC 11179-3 Information technology - Metadata registries (MDR) - Part 3: Registry metamodel and basic attributes, Third edition, 2013-02-15</fibo-fnd-utl-av:adaptedFrom>
-		<fibo-fnd-utl-av:explanatoryNote>A classification scheme may be a taxonomy, a network, an ontology, or any other terminological system. The classification may also be just a list of controlled vocabulary of property words (or terms). The list might be taken from the &apos;leaf level&apos; of a taxonomy.</fibo-fnd-utl-av:explanatoryNote>
+		<fibo-fnd-utl-av:explanatoryNote>A classification scheme may be a taxonomy, a network, an ontology, or any other terminological system. Such classification schemes are intended to permit the classification of arbitrary objects into hierarchies, or partial orders, as appropriate. The classification may also be just a list of controlled vocabulary of property words (or terms). The list might be taken from the &apos;leaf level&apos; of a taxonomy.</fibo-fnd-utl-av:explanatoryNote>
 	</owl:Class>
 
 	<owl:Class rdf:about="&fibo-fnd-arr-cls;Classifier">
@@ -93,10 +94,8 @@
 			</owl:Restriction>
 		</rdfs:subClassOf>
 		<rdfs:label>industry sector classification scheme</rdfs:label>
-		<rdfs:seeAlso rdf:resource="http://www.investopedia.com/terms/g/gics.asp"/>
 		<skos:definition>system for allocating classifiers to organizations by industry sector</skos:definition>
 		<skos:example>Examples include the North American Industry Classification System (NAICS) and Standardized Industry Classification (SIC) in the U.S. and Canada, and the NACE (Nomenclature Générale des Activités Économiques dans les Communautés Européennes) in the EU, developed by governments to classify industries.  They also include commercial classification schemes, such as the Global Industry Standard Classification (GICS) developed jointly by Morgan Stanley Capital International (MSCI) and Standard and Poor&apos;s, and competing schemes including the Industry Classification Benchmark (ICB) system, maintained by Dow Jones and London&apos;s FTSE Group, among others.</skos:example>
-		<fibo-fnd-utl-av:adaptedFrom>Barron&apos;s Dictionary of Business and Economics Terms, 2012</fibo-fnd-utl-av:adaptedFrom>
 	</owl:Class>
 
 	<owl:Class rdf:about="&fibo-fnd-arr-cls;IndustrySectorClassifier">
@@ -110,7 +109,6 @@
 		</rdfs:subClassOf>
 		<rdfs:label>industry sector classifier</rdfs:label>
 		<skos:definition>standardized classification or delineation for an organization, or possibly for a security representing an interest in a given organization, per some scheme for such delineation, by industry</skos:definition>
-		<fibo-fnd-utl-av:adaptedFrom>Barron&apos;s Dictionary of Business and Economics Terms, 2012</fibo-fnd-utl-av:adaptedFrom>
 	</owl:Class>
 
 </rdf:RDF>

FND/Arrangements/Ratings.rdf

@@ -51,9 +51,9 @@
 		<rdfs:label>Ratings Ontology</rdfs:label>
 		<dct:abstract>This ontology defines abstract concepts for representation of ratings and rating schemes, particularly for ratings describing aspects of business performance, credit worthiness, and investment quality at a high level.</dct:abstract>
 		<dct:license rdf:datatype="&xsd;anyURI">http://opensource.org/licenses/MIT</dct:license>
-		<sm:contentLanguage rdf:datatype="&xsd;anyURI">http://www.w3.org/standards/techs/owl#w3c_all</sm:contentLanguage>
-		<sm:copyright>Copyright (c) 2019-2020 EDM Council, Inc.</sm:copyright>
-		<sm:copyright>Copyright (c) 2019-2020 Object Management Group, Inc.</sm:copyright>
+		<sm:contentLanguage rdf:datatype="&xsd;anyURI">https://www.w3.org/TR/owl2-quick-reference/</sm:contentLanguage>
+		<sm:copyright>Copyright (c) 2019-2021 EDM Council, Inc.</sm:copyright>
+		<sm:copyright>Copyright (c) 2019-2021 Object Management Group, Inc.</sm:copyright>
 		<sm:dependsOn rdf:datatype="&xsd;anyURI">https://spec.edmcouncil.org/fibo/ontology/FND/Agreements/Contracts/</sm:dependsOn>
 		<sm:dependsOn rdf:datatype="&xsd;anyURI">https://spec.edmcouncil.org/fibo/ontology/FND/Arrangements/Assessments/</sm:dependsOn>
 		<sm:dependsOn rdf:datatype="&xsd;anyURI">https://spec.edmcouncil.org/fibo/ontology/FND/Arrangements/ClassificationSchemes/</sm:dependsOn>
@@ -83,11 +83,12 @@
 		<owl:imports rdf:resource="https://spec.edmcouncil.org/fibo/ontology/FND/Utilities/AnnotationVocabulary/"/>
 		<owl:imports rdf:resource="https://www.omg.org/spec/LCC/Countries/CountryRepresentation/"/>
 		<owl:imports rdf:resource="https://www.omg.org/spec/LCC/Languages/LanguageRepresentation/"/>
-		<owl:versionIRI rdf:resource="https://spec.edmcouncil.org/fibo/ontology/FND/20200701/Arrangements/Ratings/"/>
+		<owl:versionIRI rdf:resource="https://spec.edmcouncil.org/fibo/ontology/FND/20210201/Arrangements/Ratings/"/>
 		<skos:changeNote>The https://spec.edmcouncil.org/fibo/ontology/FND/20190601/Arrangements/Ratings.rdf version of this ontology was revised to replace hasDefinition with isDefinedIn to clarify intent.</skos:changeNote>
 		<skos:changeNote>The https://spec.edmcouncil.org/fibo/ontology/FND/20190701/Arrangements/Ratings.rdf version of this ontology was revised to add properties indicating the &apos;best&apos; and &apos;worst&apos; scores on a given scale.</skos:changeNote>
 		<skos:changeNote>The https://spec.edmcouncil.org/fibo/ontology/FND/20190901/Arrangements/Ratings.rdf version of this ontology was revised to eliminate duplication with LCC.</skos:changeNote>
 		<skos:changeNote>The https://spec.edmcouncil.org/fibo/ontology/FND/20200201/Arrangements/Ratings.rdf version of this ontology was revised to replace uses of hasTag in Relations with hasTag from LCC, as the more complex union of datatypes in the Relations concept is not needed here.</skos:changeNote>
+		<skos:changeNote>The https://spec.edmcouncil.org/fibo/ontology/FND/20200701/Arrangements/Ratings.rdf version of this ontology was revised to eliminate circular definitions.</skos:changeNote>
 		<fibo-fnd-utl-av:hasMaturityLevel rdf:resource="&fibo-fnd-utl-av;Release"/>
 	</owl:Ontology>
 
@@ -102,7 +103,8 @@
 			</owl:Restriction>
 		</rdfs:subClassOf>
 		<rdfs:label>qualitative rating score</rdfs:label>
-		<skos:definition>rating score that is a qualitative code in some rating scale, such as a triple-A (i.e., AAA) or 5-star rating for something</skos:definition>
+		<skos:definition>rating score that is represented as a qualitative code with respect to some rating scale</skos:definition>
+		<fibo-fnd-utl-av:explanatoryNote>Ratings for the creditworthiness of securities are often qualitative, rather than quantitative, such as a triple-A (i.e., AAA). Many ratings for products and businesses on the Internet are also qualitative, such as 5-star ratings for something.</fibo-fnd-utl-av:explanatoryNote>
 	</owl:Class>
 
 	<owl:Class rdf:about="&fibo-fnd-arr-rt;QuantitativeRatingScore">
@@ -161,7 +163,7 @@
 			</owl:Restriction>
 		</rdfs:subClassOf>
 		<rdfs:label>rating</rdfs:label>
-		<skos:definition>standing of something at a particular time as indicated by one or more rating scores with respect to some scale according to some rating party</skos:definition>
+		<skos:definition>standing of something at a particular time, indicated by at least one scores with respect to some scale, based on an assessment by some party</skos:definition>
 	</owl:Class>
 
 	<owl:Class rdf:about="&fibo-fnd-arr-rt;RatingAgency">

FND/DatesAndTimes/BusinessDates.rdf

@@ -33,9 +33,9 @@
 		<rdfs:label>Business Dates Ontology</rdfs:label>
 		<dct:abstract>This ontology extends definitions of date and schedule concepts from the FinancialDates ontology with concepts defining dates that may be adjusted when they fall on weekends or holidays as defined in a given business center, for use in other FIBO ontologies.</dct:abstract>
 		<dct:license rdf:datatype="&xsd;anyURI">http://opensource.org/licenses/MIT</dct:license>
-		<sm:contentLanguage rdf:datatype="&xsd;anyURI">http://www.w3.org/standards/techs/owl#w3c_all</sm:contentLanguage>
-		<sm:copyright>Copyright (c) 2014-2020 EDM Council, Inc.</sm:copyright>
-		<sm:copyright>Copyright (c) 2014-2020 Object Management Group, Inc.</sm:copyright>
+		<sm:contentLanguage rdf:datatype="&xsd;anyURI">https://www.w3.org/TR/owl2-quick-reference/</sm:contentLanguage>
+		<sm:copyright>Copyright (c) 2014-2021 EDM Council, Inc.</sm:copyright>
+		<sm:copyright>Copyright (c) 2014-2021 Object Management Group, Inc.</sm:copyright>
 		<sm:dependsOn rdf:datatype="&xsd;anyURI">https://spec.edmcouncil.org/fibo/ontology/FND/DatesAndTimes/FinancialDates/</sm:dependsOn>
 		<sm:dependsOn rdf:datatype="&xsd;anyURI">https://spec.edmcouncil.org/fibo/ontology/FND/Places/Locations/</sm:dependsOn>
 		<sm:dependsOn rdf:datatype="&xsd;anyURI">https://spec.edmcouncil.org/fibo/ontology/FND/Relations/Relations/</sm:dependsOn>
@@ -48,10 +48,11 @@
 		<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/LCC/Languages/LanguageRepresentation/"/>
-		<owl:versionIRI rdf:resource="https://spec.edmcouncil.org/fibo/ontology/FND/20200301/DatesAndTimes/BusinessDates/"/>
+		<owl:versionIRI rdf:resource="https://spec.edmcouncil.org/fibo/ontology/FND/20210201/DatesAndTimes/BusinessDates/"/>
 		<skos:changeNote>The https://spec.edmcouncil.org/fibo/ontology/FND/20141101/DatesAndTimes/BusinessDates/ version of this ontology was revised by the FIBO FND 1.2 RTF in order to add definitions for business recurrence intervals such as the day of the month and week, and to revise the representation of the end of the month to correspond to the way that the other intervals are represented for use in parametric schedules.</skos:changeNote>
 		<skos:changeNote>The https://spec.edmcouncil.org/fibo/ontology/FND/20180801/DatesAndTimes/BusinessDates/ version of this ontology was revised to better support definitions related to business day adjustments.</skos:changeNote>
 		<skos:changeNote>The https://spec.edmcouncil.org/fibo/ontology/FND/20180901/DatesAndTimes/BusinessDates/ version of this ontology was revised to loosen domains on properties related to business day and day count (recurrence interval) conventions, eliminate a duplicate individual, normalize definitions to be ISO 704 compliant, eliminate duplication of concepts in LCC, move hasBusinessCenter to locations, where the class BusinessCenter is defined and merge countries with locations.</skos:changeNote>
+		<skos:changeNote>The https://spec.edmcouncil.org/fibo/ontology/FND/20200301/DatesAndTimes/BusinessDates/ version of this ontology was revised to eliminate a remaining circular definition.</skos:changeNote>
 		<skos:changeNote>This ontology was added to Foundations in advance of the December 2014 Long Beach meeting in support of the SEC specification.  It is also needed to provide temporal relationships for Ownership and Control.
 
 These three ontologies are designed for use together:
@@ -140,7 +141,7 @@ They are modularized this way to minimize the ontological committments that are
 			</owl:Restriction>
 		</rdfs:subClassOf>
 		<rdfs:label>business recurrence interval</rdfs:label>
-		<skos:definition>recurrence interval that is specified using a business recurrence interval convention</skos:definition>
+		<skos:definition>recurrence interval that is defined per a specific convention that determines how recurring days should be handled</skos:definition>
 	</owl:Class>
 
 	<owl:Class rdf:about="&fibo-fnd-dt-bd;BusinessRecurrenceIntervalConvention">
@@ -152,8 +153,6 @@ They are modularized this way to minimize the ontological committments that are
 	<owl:Class rdf:about="&fibo-fnd-dt-bd;Convention">
 		<rdfs:label>convention</rdfs:label>
 		<skos:definition>widely accepted or established way of doing &apos;something&apos; within some community of practice</skos:definition>
-		<fibo-fnd-utl-av:adaptedFrom>Barron&apos;s Dictionary of Business and Economics Terms, Fifth Edition, 2012</fibo-fnd-utl-av:adaptedFrom>
-		<fibo-fnd-utl-av:adaptedFrom rdf:datatype="&xsd;anyURI">https://en.oxforddictionaries.com/definition/convention</fibo-fnd-utl-av:adaptedFrom>
 	</owl:Class>
 
 	<owl:Class rdf:about="&fibo-fnd-dt-bd;DayOfMonth">

FND/OwnershipAndControl/OwnershipAndControl.rdf

@@ -31,9 +31,9 @@
 		<rdfs:label>Ownership and Control Ontology</rdfs:label>
 		<dct:abstract>This ontology brings the concepts of ownership and control together, in cases where the combined semantics are applicable, such as for a wholly owned subsidiary.</dct:abstract>
 		<dct:license rdf:datatype="&xsd;anyURI">http://opensource.org/licenses/MIT</dct:license>
-		<sm:contentLanguage rdf:datatype="&xsd;anyURI">http://www.w3.org/standards/techs/owl#w3c_all</sm:contentLanguage>
-		<sm:copyright>Copyright (c) 2013-2018 EDM Council, Inc.</sm:copyright>
-		<sm:copyright>Copyright (c) 2013-2018 Object Management Group, Inc.</sm:copyright>
+		<sm:contentLanguage rdf:datatype="&xsd;anyURI">https://www.w3.org/TR/owl2-quick-reference/</sm:contentLanguage>
+		<sm:copyright>Copyright (c) 2013-2021 EDM Council, Inc.</sm:copyright>
+		<sm:copyright>Copyright (c) 2013-2021 Object Management Group, Inc.</sm:copyright>
 		<sm:dependsOn rdf:datatype="&xsd;anyURI">https://spec.edmcouncil.org/fibo/ontology/FND/OwnershipAndControl/Control/</sm:dependsOn>
 		<sm:dependsOn rdf:datatype="&xsd;anyURI">https://spec.edmcouncil.org/fibo/ontology/FND/OwnershipAndControl/Ownership/</sm:dependsOn>
 		<sm:dependsOn rdf:datatype="&xsd;anyURI">https://spec.edmcouncil.org/fibo/ontology/FND/Parties/Parties/</sm:dependsOn>
@@ -44,12 +44,14 @@
 		<owl:imports rdf:resource="https://spec.edmcouncil.org/fibo/ontology/FND/OwnershipAndControl/Ownership/"/>
 		<owl:imports rdf:resource="https://spec.edmcouncil.org/fibo/ontology/FND/Parties/Parties/"/>
 		<owl:imports rdf:resource="https://spec.edmcouncil.org/fibo/ontology/FND/Utilities/AnnotationVocabulary/"/>
-		<owl:versionIRI rdf:resource="https://spec.edmcouncil.org/fibo/ontology/FND/20180801/OwnershipAndControl/OwnershipAndControl/"/>
+		<owl:versionIRI rdf:resource="https://spec.edmcouncil.org/fibo/ontology/FND/20210201/OwnershipAndControl/OwnershipAndControl/"/>
+		<skos:changeNote>The https://spec.edmcouncil.org/fibo/ontology/FND/20180801/OwnershipAndControl/OwnershipAndControl.rdf version of the ontology was modified to better integrate it with the situation pattern and eliminate circular definitions.</skos:changeNote>
 		<skos:changeNote>This ontology was added to Foundations in advance of the December 2014 Long Beach meeting in support of the issue resolutions identified in the FIBO FND 1.0 FTF report and in https://spec.edmcouncil.org/fibo/ontology/FND/1.0/AboutFND-1.0/.</skos:changeNote>
 		<fibo-fnd-utl-av:hasMaturityLevel rdf:resource="&fibo-fnd-utl-av;Release"/>
 	</owl:Ontology>
 
 	<owl:Class rdf:about="&fibo-fnd-oac-oac;OwnershipAndControl">
+		<rdfs:subClassOf rdf:resource="&fibo-fnd-pty-pty;Situation"/>
 		<rdfs:label>ownership and control</rdfs:label>
 		<owl:equivalentClass>
 			<owl:Class>
@@ -61,13 +63,13 @@
 				</owl:intersectionOf>
 			</owl:Class>
 		</owl:equivalentClass>
-		<skos:definition>The intersection of ownership and control reflects the unique case where an independent party both owns and controls another independent thing.</skos:definition>
+		<skos:definition>situation in which some party owns and controls something</skos:definition>
 	</owl:Class>
 
 	<owl:ObjectProperty rdf:about="&fibo-fnd-oac-oac;isOwnedAndControlledBy">
 		<rdfs:label>is owned and controlled by</rdfs:label>
 		<rdfs:range rdf:resource="&fibo-fnd-pty-pty;IndependentParty"/>
-		<skos:definition>a relationship between some thing and the party that owns, influences, manages and directs it</skos:definition>
+		<skos:definition>relates something to the party that owns, influences, manages and directs it</skos:definition>
 	</owl:ObjectProperty>
 
 	<owl:ObjectProperty rdf:about="&fibo-fnd-oac-oac;ownsAndControls">