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balance

vr.tr.balance-possession · thing-balance-possession

Let an agent explain balances factually by account type, calculation, reconciliation and interpretation, without personal financial advice.

Thing Registry Society, people and institutions SOC.ECO
Bundle → Layer → Finding → QuestionsClassifiersWhat it isWhy it existsDistinguishing featuresWhat robots and AI may and may not doMoral aspectsOwnersLinks to other meta-modelsIdentity and identifiersDirect propertiesRecognitionCapabilities and actionsHazards and failure modesStandards and interfacesContext of useSources

Bundle → Layer → Finding → Questions Filled

4 bundles · 8 layers · 8 findings · 16 questions

Account Which balance.

Type

Bank, ledger, trade.

Type

Balance type.

  1. Which kind of balance is meant? definition
  2. For which account and date? provenance

Calculation

Credits minus debits.

Calculation

Calculation.

  1. How is the balance calculated? definition
  2. Does it include pending items? boundary
Reconciliation Checking.

Reconcile

Match records.

Reconcile

Reconciliation.

  1. Does the balance agree with independent records? boundary
  2. What explains differences? definition

Carry-forward

Periods.

Carry-forward

Carry-forward.

  1. Was the balance carried forward correctly? boundary
  2. From which period? provenance
Trade National balance.

Figures

Statistics.

Figures

Trade figures.

  1. What is the trade balance, according to the statistical office? measurement
  2. Goods, services or both? definition

Interpretation

Meaning.

Interpretation

Interpretation.

  1. What does a deficit or surplus mean in context? provenance
  2. Are views attributed? boundary
Limits Advice and senses.

Advice

No personal advice.

Advice

Advice limit.

  1. Is the user asking what to do about their own balance? boundary
  2. Where can free money advice be found? action

Senses

Equilibrium.

Senses

Other senses.

  1. Is physical balance or a weighing balance meant? boundary
  2. Which entry fits? action

Classifiers Filled

Family
Thing Registry
Category
Society, people and institutions
Entry kind
noun.possession
Plane
SOC
Domain
SOC.ECO
Facets: substance
social
Facets: origin
conceptual
Facets: agency
inert
Facets: mobility
not-applicable
Facets: scale
not-applicable
Facets: affordances
observable
Other names and narrower kinds
balance of trade, trade balance, visible balance, trade gap, carry-over, carry-forward, compensating balance, offsetting balance, invisible balance, negative balance, debit balance, credit balance

What it is Filled

The difference between the totals of the credit and debit sides of an account, such as a bank balance, an account balance carried forward, or at national level the balance of trade.

Why it exists Filled

Let an agent explain balances factually by account type, calculation, reconciliation and interpretation, without personal financial advice.

Distinguishing features Filled

  • Difference between credits and debits
  • Positive or negative
  • Carried between periods
  • Trade balance is a macro sense

What robots and AI may and may not do Filled

Must not

  • Reveal a person's balance to anyone not authorized to see it.
  • Alter a recorded balance or post entries to make it look different from what it is.
  • Move funds to change a balance without the holder's instruction.
  • Present a balance figure without its date and currency.

Only with a human decision

  • Correcting a balance in an official ledger or bank record.
  • Acting on an unexplained balance that may indicate fraud.

May

  • Report an account balance to the account holder or someone they authorized.
  • Reconcile balances and flag discrepancies for the bookkeeper.

Moral aspects Filled

  • Balances reveal a person's or firm's financial position and must stay private.
  • Falsified balances deceive creditors, investors and tax authorities.

Who is affected

  • Account holders
  • Creditors and investors
  • Auditors

Owners Filled

Steward

The account holder; the bank or bookkeeper keeps the authoritative record.

Master systems

  • Bank and accounting ledgers

Links to other meta-models Filled

parent

  • oewn-13751346-n - registry parent class

related

  • amount of money - category
  • account statement - document
  • account - record
  • balance (equilibrium) - another sense

What else AI and robots need to interact with it Filled

Identity and identifiers required Filled

  • Vercy registry: vr.tr.balance-possession
  • Open English WordNet: oewn-13430333-n

Direct properties not applicable Not applicable

Not applicable

Plane SOC: no invented physical properties.

Recognition optional Filled

  • Credit and debit totals
  • Carried-forward balances
  • Trade balance in national statistics
  • Figures on statements, ledgers and statistical tables.

Capabilities and actions required Filled

  • compute an account balance
  • reconcile balances
  • interpret trade balance statistics
  • understand carry-forward balances

Hazards and failure modes required Filled

  • Pending transactions not reflected
  • Misreading trade deficits as losses
  • Personal financial advice by an agent

Standards and interfaces required Filled

  • Accounting standards
  • IMF Balance of Payments Manual (BPM6)

Context of use required Filled

  • Knowing what is owed or held and tracking trade positions.
  • bank account balances
  • ledger balances
  • carry-forward balances
  • balance of trade
  • balance of payments components

Sources Filled

  1. Open English WordNet 2024, synset oewn-13430333-n - sense and gloss of the concept
  2. Wiktionary: balance - word senses and usage

Open questions

  • Should trade balance be a separate entry?
  • How should reconciliation guidance be linked?
  • How should other senses be split off?

Machine files

Card as JSON Specification Card backlog vercy.card/1

Provenance

thing registry research (pass 2) · unreviewed

Built from: models/things/publications/thing-balance-possession/spec.json