This page is part of http://www.productontology.org/, a huge, precise dictionary of product types and brand names for marking up Web sites with schema.org or the GoodRelations e-commerce standard.
Breaking news: schema.org has just implemented our proposal to define an additionalType property with the use of this service in mind!
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On this page: Usage(schema.org/Microdata, RDFa, Facebook) Contact Information Caching Policy License Acknowledgments References
URI http://www.productontology.org/id/Prepayment_of_loan
rdfs:subClassOf gr:ProductOrService, http://schema.org/Product
rdfs:label Prepayment of loan (as a class or brand name of products of services)
Translation(s):
Ajustaments per periodificació@ca;
Vorfälligkeitsentschädigung@de;
Predčasné splatenie úveru@sk;
Öndelik@tr;
預繳@zh-yue;
is rdfs:domain of gr:category gr:color gr:condition gr:depth gr:hasEAN_UCC-13 gr:hasGTIN-14 gr:hasMPN gr:hasManufacturer gr:hasStockKeepingUnit gr:height gr:isAccessoryOrSparePartFor gr:isConsumableFor gr:isSimilarTo gr:weight gr:width
is rdfs:range of gr:includes gr:isAccessoryOrSparePartFor gr:isConsumableFor gr:isSimilarTo
Note: This is a generic list. Some of the properties may not be applicable to this particular type of object.
Trademark Disclaimer: Since this service returns class descriptions for potentiall any series of characters, it cannot indicate automatically whether a name is a registered trademark or otherwise protected. We assume no liability for the absence of trademark rights and other damages. See the section "License" below for details.
One of the most powerful usages of the class definitions from this site is to describe the type of your page and product for the schema.org product markup in Microdata syntax much more precisely.
Simply add the full URI of a class from this site, e.g. http://www.productontology.org/id/Prepayment_of_loan as an additional type as follows:
<div itemscope itemtype="http://schema.org/Product">
<link itemprop="additionalType" href="http://www.productontology.org/id/Prepayment_of_loan" />
<!-- other schema.org properties go in here -->
</div>
Note: In HTML5, it is valid to use the <link> element in the body of a HTML document.
Here is a complete example:
<!DOCTYPE html>
<html>
<head>
<meta http-equiv="Content-Type" content="text/html; charset=UTF-8"/>
<title>An offer to sell a / some Prepayment_of_loan</title>
</head>
<body>
<div itemscope itemtype="http://schema.org/Product" itemid="#product">
<link itemprop="additionalType" href="http://www.productontology.org/id/Prepayment_of_loan" />
<span itemprop="name">.. a short name for the object ...</span>
Product description:
<span itemprop="description">... a longer description ...</span>
<div itemprop="offers" itemscope itemtype="http://schema.org/Offer" itemid="#offer">
<span itemprop="price">$19.99</span>
<link itemprop="availability" href="http://schema.org/InStock" />In stock
</div>
</div>
</body>
</html>
@prefix foaf: <http://xmlns.com/foaf/0.1/> .
@prefix xsd: <http://www.w3.org/2001/XMLSchema#> .
@prefix pto: <http://www.productontology.org/id/> .
@prefix gr: <http://purl.org/goodrelations/v1#> .
@prefix foo: <http://example.com/> .
# The object
foo:myObject a <http://www.productontology.org/id/Prepayment_of_loan> ;
a gr:SomeItems ;
gr:name "... a short name for the object ..."@en ;
gr:description "... a longer description ..."@en .
# The agent (person or company) who is offering it
foo:ACMECorp a gr:BusinessEntity ;
gr:legalName "ACME Corp" ;
gr:offers foo:Offer .
# The offer to sell it
foo:Offer a gr:Offering ;
gr:includes foo:myObject;
foaf:page <http://URI_of_the_page_containing_the_offer.com>;
gr:hasBusinessFunction gr:Sell ;
gr:validFrom "2011-01-24T00:00:00+01:00"^^xsd:dateTime ;
gr:validThrough "2011-12-24T00:00:00+01:00"^^xsd:dateTime ;
gr:hasPriceSpecification
[ a gr:UnitPriceSpecification ;
gr:hasCurrency "USD"^^xsd:string ;
gr:hasCurrencyValue "19.99"^^xsd:float ;
gr:validThrough "2011-12-24T00:00:00+01:00"^^xsd:dateTime ] .
Note: Replace gr:SomeItems (http://purl.org/goodrelations/v1#SomeItems) by gr:Individual if you are describing a unique object of that kind (e.g. antique furniture).
<!DOCTYPE html>
<html version="HTML+RDFa 1.1" xmlns="http://www.w3.org/1999/xhtml">
<head>
<meta http-equiv="Content-Type" content="text/html; charset=UTF-8"/>
<title>An offer to sell a / some Prepayment_of_loan</title>
</head>
<body>
<div xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#"
xmlns:rdfs="http://www.w3.org/2000/01/rdf-schema#"
xmlns:foaf="http://xmlns.com/foaf/0.1/"
xmlns:gr="http://purl.org/goodrelations/v1#"
xmlns:pto="http://www.productontology.org/id/"
xmlns:foo="http://example.com/"
xmlns:xsd="http://www.w3.org/2001/XMLSchema#">
<!-- The agent (person or company) who is offering it -->
<div about="#ACMECorp" typeof="gr:BusinessEntity">
<div property="gr:legalName">ACME Corp</div>
<div rel="gr:offers">
<!-- The offer to sell it -->
<div about="#offer" typeof="gr:Offering">
<div rel="gr:hasBusinessFunction" resource="http://purl.org/goodrelations/v1#Sell"></div>
<div rel="gr:includes">
<!-- The object -->
<div about="#myObject" typeof="http://www.productontology.org/id/Prepayment_of_loan">
<div rel="rdf:type" resource="http://purl.org/goodrelations/v1#SomeItems"></div>
<div property="gr:description" xml:lang="en">... a longer description ...</div>
<div property="gr:name" xml:lang="en">.. a short name for the object ...</div>
</div>
</div>
<div rel="foaf:page" resource="http://URI_of_the_page_containing_the_offer"></div>
<div rel="gr:hasPriceSpecification">
<div typeof="gr:UnitPriceSpecification">
<div property="gr:hasCurrency" content="USD" datatype="xsd:string">$ </div>
<div property="gr:hasCurrencyValue" datatype="xsd:float">19.99</div>
<div property="gr:validThrough" content="2011-12-24T00:00:00+01:00"
datatype="xsd:dateTime"></div>
</div>
</div>
<div property="gr:validFrom" content="2011-01-24T00:00:00+01:00"
datatype="xsd:dateTime"></div>
<div property="gr:validThrough" content="2011-12-24T00:00:00+01:00"
datatype="xsd:dateTime"></div>
</div>
</div>
</div>
</div>
</body>
</html>
Note: Replace gr:SomeItems (http://purl.org/goodrelations/v1#SomeItems) by gr:Individual if you are describing a unique object of that kind (e.g. antique furniture).
<?xml version="1.0" encoding="UTF-8" ?>
<rdf:RDF xmlns:gr="http://purl.org/goodrelations/v1#"
xmlns:pto="http://www.productontology.org/id/"
xmlns:xsd="http://www.w3.org/2001/XMLSchema#"
xmlns:foaf="http://xmlns.com/foaf/0.1/"
xmlns:foo="http://example.com/"
xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#">
<!-- The object -->
<rdf:Description rdf:about="http://example.com/myObject">
<rdf:type rdf:resource="http://www.productontology.org/id/Prepayment_of_loan"/>
<rdf:type rdf:resource="http://purl.org/goodrelations/v1#SomeItems"/>
<gr:name xml:lang="en">... a short name for the object ...</gr:name>
<gr:description xml:lang="en">... a longer description ...</gr:description>
</rdf:Description>
<!-- The agent (person or company) who is offering it -->
<gr:BusinessEntity rdf:about="http://example.com/ACMECorp">
<gr:legalName>ACME Corp</gr:legalName>
<gr:offers rdf:resource="http://example.com/Offer" />
</gr:BusinessEntity>
<!-- The offer to sell it -->
<gr:Offering rdf:about="http://example.com/Offer">
<gr:includes rdf:resource="http://example.com/myObject" />
<foaf:page rdf:resource="http://URI_of_the_page_containing_the_offer"/>
<gr:hasBusinessFunction rdf:resource="http://purl.org/goodrelations/v1#Sell"/>
<gr:validFrom rdf:datatype="http://www.w3.org/2001/XMLSchema#dateTime">
2011-01-24T00:00:00+01:00</gr:validFrom>
<gr:validThrough rdf:datatype="http://www.w3.org/2001/XMLSchema#dateTime">
2011-12-24T00:00:00+01:00</gr:validThrough>
<gr:hasPriceSpecification>
<gr:UnitPriceSpecification>
<gr:hasCurrency rdf:datatype="http://www.w3.org/2001/XMLSchema#string">USD</gr:hasCurrency>
<gr:hasCurrencyValue rdf:datatype="http://www.w3.org/2001/XMLSchema#float">19.99</gr:hasCurrencyValue>
<gr:validThrough rdf:datatype="http://www.w3.org/2001/XMLSchema#dateTime">
2011-12-24T00:00:00+01:00</gr:validThrough>
</gr:UnitPriceSpecification>
</gr:hasPriceSpecification>
</gr:Offering>
</rdf:RDF>
Note: Replace gr:SomeItems (http://purl.org/goodrelations/v1#SomeItems) by gr:Individual if you are describing a unique object of that kind (e.g. antique furniture).
prefix foaf: <http://xmlns.com/foaf/0.1/>
prefix xsd: <http://www.w3.org/2001/XMLSchema#>
prefix pto: <http://www.productontology.org/id/>
prefix gr: <http://purl.org/goodrelations/v1#>
prefix foo: <http://example.com/>
# Find the cheapest offer for a Prepayment_of_loan
SELECT * WHERE{
?company gr:offers ?offer .
?offer a gr:Offering .
?offer gr:hasBusinessFunction gr:Sell .
OPTIONAL {?offer rdfs:label ?label } .
OPTIONAL {?offer gr:name ?label } .
OPTIONAL {?offer rdfs:comment ?label } .
OPTIONAL {?offer gr:description ?label } .
?offer gr:hasPriceSpecification ?p .
?p a gr:UnitPriceSpecification .
?p gr:hasCurrency ?currency .
?p gr:hasCurrencyValue ?price .
?offer gr:includes ?product .
?product a <http://www.productontology.org/id/Prepayment_of_loan> .
}
ORDER BY (?price)
LIMIT 10
You can also use the class definitions from this site for better describing the type of your page or product for the Facebook Open Graph Protocol.
Simply define the namespace prefix pto: in the <html> element of your page
<html version="HTML+RDFa 1.1"
xmlns="http://www.w3.org/1999/xhtml"
xmlns:pto="http://www.productontology.org/id/"
>and use the compact URI (CURIE) pto:Prepayment_of_loan in combination with og:type as follows:
<meta property="og:type" content="pto:Prepayment_of_loan"/>
A complete example is here.
Univ.-Prof. Dr. Martin Hepp
E-Business and Web Science Research Group
Chair of General Management and E-Business
Universität der Bundeswehr München
Werner-Heisenberg-Weg 39
D-85579 Neubiberg, Germany
Phone: +49 89 6004-4217
eMail: mhepp(at)computer.org (preferred mode of communication)
Web: http://www.heppnetz.de/
Web: http://www.unibw.de/ebusiness/
In order to minimize the load on the Wikipedia API, all requests are cached internally for 72 hours. This means that changes to the English Wikipedia will be available in this service within 72 hours or less if the same entry has been requested before. Classes not requested within the last six hours are always guaranteed to be in sync with the latest version in Wikipedia.
The RDF/XML dump file is updated every 12 hours only.
The class definition text is taken from Wikipedia, the free encyclopedia under a Creative Commons Attribution-ShareAlike 3.0 Unported (CC BY-SA 3.0) license. Accordingly, the ontology class definitions are available under the very same license.
Trademark Disclaimer: Since this service returns class descriptions for potentially any series of characters, it cannot indicate automatically whether a name is a registered trademark or otherwise protected. If you want us to block a certain name, please send your request including proof of your rights on the name to our contact address listed below.. Any of the trademarks, service marks, collective marks, design rights or similar rights that are mentioned, used, or cited in this service are the property of their respective owners. Their use here does not imply that you may use them for any purpose other than for the same or a similar informational use as contemplated by the original authors of the underlying Wikipedia articles under the CC-BY-SA and GFDL licensing schemes. Productontology.org is neither endorsed by nor affiliated with any of the holders of any such rights and as such cannot grant any rights to use any otherwise protected materials. Your use of any such or similar incorporeal property is at your own risk.
Thanks to Stefano Bertolo, Julien Chaumond, Bob Ferris, Kingsley Idehen, Axel Polleres, Andreas Radinger, Alex Stolz, and Giovanni Tummarello for very valuable feedback, and to Katharina Siorpaes and Daniel Bachlechner, who contributed to the initial analysis of the stability of Wikipedia URIs back in 2007.
The work on The Product Types Ontology has been supported by the German Federal Ministry of Research (BMBF) by a grant under the KMU Innovativ program as part of the Intelligent Match project (FKZ 01IS10022B).
Wikipedia: Prepayment of loan, available at http://en.wikipedia.org/wiki/Prepayment_of_loan.
Hepp, Martin: GoodRelations: An Ontology for Describing Products and Services Offers on the Web, Proceedings of the 16th International Conference on Knowledge Engineering and Knowledge Management (EKAW2008), Acitrezza, Italy, September 29 - October 3, 2008, Springer LNCS, Vol 5268, pp. 332-347.
Hepp, Martin; Siorpaes, Katharina; Bachlechner, Daniel: Harvesting Wiki Consensus: Using Wikipedia Entries as Vocabulary for Knowledge Management, IEEE Internet Computing, Vol. 11, No. 5, pp. 54-65, Sept-Oct 2007.
rdfs:comment
Prepayment is the early repayment of a loan by a borrower, in part (commonly known as a curtailment) or in full, often as a result of optional refinancing to take advantage of lower interest rates. In the case of a mortgage-backed security (MBS), prepayment is perceived as a financial risk—sometimes known as "call risk"—because mortgage loans are often paid off early in order to incur lower interest payments through cheaper refinancing. The new financing may be cheaper because the borrower's credit has improved or because market interest rates have fallen; but in either of these cases, the payments that would have been made to the MBS investor would be above current market rates. Redeeming such loans early through prepayment reduces the investor's upside from credit and interest rate variability in an MBS, and in essence forces the MBS investor to reinvest the proceeds at lower interest rates. If instead the borrower's opportunities deteriorate (creditworthiness declines or market interest rates rise), then the borrower loses the incentive to refinance, since the existing mortgage interest rate cannot be reduced with a new mortgage. The fact that MBS investors are exposed to downside prepayment risk, but rarely benefit from it, means that these bonds must pay an incrementally higher interest rate than similar bonds without prepayment risk, to be attractive investments. (This is the embedded "option cost" that results in a lower option-adjusted spread.) Similar issues arise for callable bonds in the American municipal, corporate, and government agency sectors. As another way to compensate for prepayment risk (which is a reinvestment risk), a prepayment penalty clause is often included in the loan contract. "Soft" prepayment terms can allow prepayment without penalty if the home is sold. "Hard" prepayment terms do not allow any exceptions without penalty. Bond issuers can mitigate some prepayment risk by issuing what are called "super sinker" bonds. Super sinkers are usually home-financing bonds that repay bondholders their principal quickly if homeowners prepay their mortgages. In other words, mortgage prepayments are used to retire a specified maturity. Super sinkers are likely to be paid off in a relatively short time. As a result, the bondholders may receive higher long-term yields after only a short period. Individual borrowers who expect to prepay their loans early should generally favor a combination of lower principal balance and higher interest rate (which stops accruing after prepayment), rather than a below-market interest rate and higher principal balance (which much be paid in full, regardless of prepayment). In general, only borrowers who expect to keep their loans for many years should opt for below-market interest rates by paying mortgage origination points or forgoing automobile rebates. Homeowner prepayment decisions are impacted by a number of variables and are notoriously hard to predict, adding another layer of uncertainty to investing in MBS markets. Prepayment speeds can be expressed in SMM (single monthly mortality), CPR (conditional prepayment rate, which is the annually compounded SMM), or PSA (percentage of the Public Securities Association prepayment model). For mortgages at least 30 months old, 100% PSA = 6.0% CPR = 0.51% SMM, equivalent to the full prepayment of 6% of a pool's remaining mortgages each year. (Source: Wikipedia, the free encyclopedia, see http://en.wikipedia.org/wiki/Prepayment_of_loan)
Note: The extraction of the abstract from the Wikipedia page may sometimes yield imperfect results. We are improving the algorithm regularly.