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funds

vr.tr.funds · thing-funds

Let an agent handle funds by owner, amount, currency, purpose and restrictions, and never move money on anyone behalf.

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

Amount How much.

Balance

Available.

Balance

Available funds.

  1. How much is available, in which currency? measurement
  2. As of when? provenance

Owner

Control.

Owner

Ownership and control.

  1. Who owns and controls the funds? provenance
  2. Who can authorise spending? boundary
Purpose What for.

Restrictions

Conditions.

Restrictions

Restrictions.

  1. Are the funds restricted to a purpose? boundary
  2. By whom? provenance

Budget

Allocation.

Budget

Budget allocation.

  1. How are funds allocated? definition
  2. How is spending tracked? action
Control Safeguards.

Authorisation

Approvals.

Authorisation

Approval rules.

  1. Who must approve spending? provenance
  2. Has the user explicitly authorised any transfer? boundary

Audit

Checks.

Audit

Audit.

  1. Are the funds audited? provenance
  2. What did the audit find? provenance
Risk Fraud and scams.

Fraud

Signs.

Fraud

Fraud signs.

  1. Does a request to move funds show fraud signs? boundary
  2. How should it be verified? action

Reporting

Where to report.

Reporting

Reporting.

  1. Where should suspected fraud be reported? action
  2. How quickly? boundary

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
finances, monetary resource, cash in hand, pecuniary resource, purse strings, bankroll, roll, pocket, treasury, exchequer, money supply, public treasury

What it is Filled

Assets in the form of money, available for use, such as cash in hand, balances, budgets and pooled money for a purpose.

Why it exists Filled

Let an agent handle funds by owner, amount, currency, purpose and restrictions, and never move money on anyone behalf.

Distinguishing features Filled

  • Money available for use
  • May be restricted to purposes
  • Owner and control matter
  • Investment funds are a different sense

What robots and AI may and may not do Filled

Must not

  • Move, spend or withdraw funds without the account holder's authorization.
  • Use funds raised for one purpose for another without the donors' or members' consent.
  • Hide the source of funds or help disguise their origin.
  • Disclose a person's balances to people not entitled to know them.

Only with a human decision

  • Any payment or transfer of funds.
  • Changing who may spend from a pooled fund.

May

  • Report balances and budgets from accounts it is authorized to read.
  • Prepare payments or allocations for a human to approve.

Moral aspects Filled

  • Money held for a purpose, such as a charity or pension fund, is held in trust for others.
  • Misused funds harm the people who contributed and those meant to benefit.

Who is affected

  • Account holders and contributors
  • Intended beneficiaries

Owners Filled

Steward

The account holder or the trustees of a pooled fund; the bank holds the account record.

Master systems

  • Bank and payment account records

Links to other meta-models Filled

parent

  • oewn-13350663-n - registry parent class

related

  • assets - money
  • money - medium
  • payment - use
  • investment fund - collective investment

What else AI and robots need to interact with it Filled

Identity and identifiers required Filled

  • Vercy registry: vr.tr.funds
  • Open English WordNet: oewn-13377127-n

Direct properties not applicable Not applicable

Not applicable

Plane SOC: no invented physical properties.

Recognition optional Filled

  • Account balances
  • Budget lines and fund statements
  • Restricted funds in charity accounts
  • Balances in accounts, budgets and cash.

Capabilities and actions required Filled

  • hold and allocate funds
  • budget and track spending
  • restrict funds to purposes
  • audit their use

Hazards and failure modes required Filled

  • Misuse of restricted funds
  • Fraud
  • Agents moving money without authority

Standards and interfaces required Filled

  • Accounting rules on restricted funds
  • Public finance rules on appropriations
  • Anti-money-laundering law

Context of use required Filled

  • Paying for things and pursuing purposes.
  • cash and bank balances
  • budgets
  • restricted and unrestricted funds
  • grants and appropriations

Sources Filled

  1. Open English WordNet 2024, synset oewn-13377127-n - sense and gloss of the concept
  2. Wiktionary: funds - word senses and usage

Open questions

  • Should restricted funds be a separate entry?
  • How should investment funds be split off?
  • How should agents handle requests to move funds?

Machine files

Card as JSON Specification Card backlog vercy.card/1

Provenance

thing registry research (pass 2) · unreviewed

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