{"schema":"https://ver.cy/schemas/card/1.0.0","id":"vr.tr.rate-possession","code":"thing-rate-possession","url":"https://ver.cy/models/thing/rate-possession/","name":"rate","alternateNames":["pay rate","rate of pay","time and a half","payment rate","rate of payment","repayment rate","installment rate","tax rate","interest rate","rate of interest","discount rate","discount"],"kind":"thing","status":"published","version":"0.2.0-wave.1","language":"en","classifiers":{"family":"Thing Registry","category":"Society, people and institutions","entryKind":"noun.possession","plane":"SOC","domain":["SOC.ECO"],"industry":[],"navPath":"","tags":[],"facets":{"substance":"social","origin":"conceptual","agency":"inert","mobility":"not-applicable","scale":"not-applicable","affordances":["observable"]}},"whatItIs":"The amount of a charge or payment relative to some basis, such as a pay rate per hour, an interest rate per year or a repayment rate.","purpose":"Let an agent handle rates of payment by basis, amount, period and applicable rules, with sourced figures.","scope":{"in":[],"out":[],"boundaries":[]},"distinguishingFeatures":["Payment per basis","Needs currency and period","Subject to minimum wage and consumer credit rules","Rate in physics is a different sense"],"structure":{"bundles":[{"id":"basis","name":"Basis","description":"Rate per what.","layers":[{"id":"unit","name":"Unit","description":"Per hour, per year.","findings":[{"id":"unit-finding","name":"Unit","description":"Rate basis.","questions":[{"text":"What is the rate, per what unit?","kind":"measurement"},{"text":"In which currency?","kind":"definition"}]}]},{"id":"type","name":"Type","description":"Pay, interest, tariff.","findings":[{"id":"type-finding","name":"Type","description":"Rate type.","questions":[{"text":"Is it a pay, interest or tariff rate?","kind":"definition"},{"text":"Which specific entry fits?","kind":"action"}]}]}]},{"id":"pay","name":"Pay","description":"Wages.","layers":[{"id":"minimum","name":"Minimum","description":"Legal floor.","findings":[{"id":"minimum-finding","name":"Minimum","description":"Minimum wage.","questions":[{"text":"Is this rate at or above the legal minimum wage?","kind":"boundary"},{"text":"Which rate applies to this age and region?","kind":"provenance"}]}]},{"id":"overtime","name":"Overtime","description":"Premiums.","findings":[{"id":"overtime-finding","name":"Overtime","description":"Overtime.","questions":[{"text":"What overtime premium applies?","kind":"measurement"},{"text":"Under which contract or law?","kind":"provenance"}]}]}]},{"id":"credit","name":"Credit","description":"Interest.","layers":[{"id":"apr","name":"APR","description":"Total cost.","findings":[{"id":"apr-finding","name":"APR","description":"Annual percentage rate.","questions":[{"text":"What is the APR including fees?","kind":"measurement"},{"text":"Is it fixed or variable?","kind":"definition"}]}]},{"id":"repayment","name":"Repayment","description":"Schedule.","findings":[{"id":"repayment-finding","name":"Repayment","description":"Repayment.","questions":[{"text":"What are the repayments at this rate?","kind":"measurement"},{"text":"What if payments are missed?","kind":"boundary"}]}]}]},{"id":"comparison","name":"Comparison","description":"Like for like.","layers":[{"id":"normalise","name":"Normalise","description":"Same basis.","findings":[{"id":"normalise-finding","name":"Normalise","description":"Normalisation.","questions":[{"text":"Are the rates on the same basis and period?","kind":"boundary"},{"text":"How should they be converted?","kind":"action"}]}]},{"id":"sources","name":"Sources","description":"Data.","findings":[{"id":"sources-finding","name":"Sources","description":"Sources.","questions":[{"text":"Where do the rates come from, and how current are they?","kind":"provenance"},{"text":"Are they typical or advertised?","kind":"boundary"}]}]}]}]},"agentConduct":{"may":["Report pay, interest and repayment rates with their basis and source.","Compare rates on a like-for-like basis, such as annual percentage rate."],"mustNot":["Present a rate in a way that hides its true cost.","Agree a rate on a person's behalf without their authority.","Set different rates for people on grounds that the law forbids."],"requiresHuman":["Accepting a loan, wage or price agreement."]},"ethics":{"considerations":["Misleading rates trap people in debt.","Pay rates decide whether work supports a decent life."],"affectedParties":["Borrowers","Wage earners","Customers"]},"owners":{"steward":"The party that sets it, such as a lender or employer, within rules set by regulators.","roles":[],"masterSystems":[]},"relations":[{"target":"oewn-13327892-n","type":"parent","note":"registry parent class"},{"target":"price and charge","type":"related","note":"category"},{"target":"money","type":"related","note":"medium"},{"target":"minimum wage law","type":"related","note":"rules"},{"target":"rate (speed)","type":"related","note":"another sense"}],"interaction":{"identity":{"applicability":"required","items":["Vercy registry: vr.tr.rate-possession","Open English WordNet: oewn-13346032-n"]},"properties":{"applicability":"not-applicable","items":[]},"recognition":{"applicability":"optional","items":["Amount per unit of time or quantity","Terms such as time and a half","Rate as speed or frequency is another sense","An amount per unit, such as EUR 20 per hour."]},"capabilities":{"applicability":"required","items":["compute pay from a rate","compare rates on the same basis","check minimum wage compliance","calculate overtime"]},"hazards":{"applicability":"required","items":["Comparing rates on different bases","Pay below minimum wage","Hidden fees beyond the headline rate"]},"interfaces":{"applicability":"required","items":["Minimum wage law","Working time and overtime law","Consumer credit APR disclosure rules"]},"context":{"applicability":"required","items":["Pricing work, credit and services.","pay rates and wages","overtime rates","interest rates","repayment rates","tariff rates"]}},"sources":[{"title":"Open English WordNet 2024, synset oewn-13346032-n","url":"https://en-word.net/id/oewn-13346032-n","note":"sense and gloss of the concept"},{"title":"Wiktionary: rate","url":"https://en.wiktionary.org/wiki/rate","note":"word senses and usage"}],"openQuestions":["Should pay and interest rates be separate entries?","How should rate bases be recorded?","How should the physics sense be split off?"],"resources":{"spec":"/models/things/publications/thing-rate-possession/spec.json"},"provenance":{"origin":"thing registry research (pass 2)","builtFrom":["models/things/publications/thing-rate-possession/spec.json"],"providers":["Claude"],"researchStatus":"unreviewed","generatedAt":"2026-09-11T07:03:19Z","builder":"tools/build_cards.py@1.0.0"},"completeness":{"sections":{"classifiers":"filled","whatItIs":"filled","purpose":"filled","distinguishingFeatures":"filled","structure":"filled","agentConduct":"filled","ethics":"filled","owners":"filled","relations":"filled","interaction.identity":"filled","interaction.properties":"not-applicable","interaction.recognition":"filled","interaction.capabilities":"filled","interaction.hazards":"filled","interaction.interfaces":"filled","interaction.context":"filled","sources":"filled"},"notes":{"_gate":"Published through the thing publication gate 1.0 on 2026-10-07T12:16:35+00:00: completeness 1.00; sense: WordNet gloss; 2 live sources; review by codex: pass","interaction.properties":"Plane SOC: no invented physical properties."},"score":1.0}}