{
  "vercy": "1.0-draft",
  "publication": {
    "status": "research-draft",
    "adjudicationStatus": "unreviewed",
    "publishableCanonical": false,
    "generatedAt": "2026-09-11T07:40:03Z",
    "providers": [
      "Claude"
    ],
    "breadth": "written by Claude from model knowledge without web access - no source was read, every claim is a lead to verify",
    "pass": 2,
    "wave": 1,
    "engine": "claude",
    "enrichment": {
      "pass": 3,
      "engine": "claude",
      "producedAt": "2026-10-05T16:30:00Z",
      "ingestedAt": "2026-10-05T13:22:26+00:00",
      "fields": [
        "agent_conduct",
        "ethics",
        "owners"
      ]
    },
    "gate": {
      "passed": true,
      "version": "1.0",
      "at": "2026-10-07T12:16:27+00:00",
      "evidence": [
        "completeness 1.00",
        "sense: WordNet gloss",
        "2 live sources",
        "review by codex: pass"
      ]
    }
  },
  "metaModel": {
    "id": "THING-BOND",
    "registryId": "vr.tr.bond",
    "name": "bond",
    "version": "0.2.0-wave.1",
    "entryKind": "thing",
    "family": "Thing Registry",
    "domain": [
      "SOC.ECO"
    ],
    "status": "research-draft"
  },
  "canonicalUrl": "https://ver.cy/models/thing/bond/",
  "model": {
    "registry_id": "vr.tr.bond",
    "name": "bond",
    "purpose": "Let an agent explain bonds factually by issuer, type, coupon, maturity, rating and risks, without personal investment advice.",
    "definition": "A certificate of debt, usually interest-bearing or discounted, issued by a government or company promising to repay the principal at maturity, such as government, corporate, convertible and coupon bonds.",
    "what_it_is_for": "Raising debt finance for issuers and providing fixed-income investments.",
    "affordances": [
      "explain bond terms",
      "look up issuer and ratings",
      "compute yield from price and coupon",
      "understand investor protections"
    ],
    "distinguishing_features": [
      "Debt security",
      "Fixed or floating coupon",
      "Price and yield move inversely",
      "Credit and interest-rate risk"
    ],
    "appearance": "Certificates or, now mostly, electronic securities records.",
    "visual_identification": [
      "ISIN, issuer, coupon and maturity",
      "Types such as government or convertible",
      "Chemical bonds and bail bonds are other senses"
    ],
    "physical_properties": [],
    "families_and_kinds": [
      "government bonds",
      "corporate bonds",
      "convertible bonds",
      "zero-coupon bonds",
      "green and social bonds"
    ],
    "related_models": [
      {
        "relation": "is a kind of",
        "target": "security",
        "why": "category"
      },
      {
        "relation": "is issued by",
        "target": "government or company",
        "why": "issuer"
      },
      {
        "relation": "pays",
        "target": "interest",
        "why": "income"
      },
      {
        "relation": "is confused with",
        "target": "chemical bond and bail bond",
        "why": "other senses"
      }
    ],
    "identifiers": [
      {
        "scheme": "ISIN",
        "value_or_pattern": "ISO 6166 code",
        "note": "securities identifier"
      }
    ],
    "standards_and_regulation": [
      "EU Prospectus Regulation",
      "Securities law and disclosure rules",
      "ICMA Green Bond Principles"
    ],
    "failure_modes_and_hazards": [
      "Default risk",
      "Interest-rate risk",
      "Personal investment advice by the agent",
      "Mis-selling complex bonds"
    ],
    "in_scope": [],
    "out_of_scope": [],
    "characteristics": [],
    "agent_conduct": {
      "may": [
        "Explain how bonds work, their terms, yields and risks in general terms.",
        "Report bond data from official and market sources with dates."
      ],
      "must_not": [
        "Buy, sell or transfer bonds on someone's behalf without explicit authority.",
        "Give personalised investment advice as if a licensed adviser.",
        "Misrepresent a bond's credit risk, terms or issuer.",
        "Spread false information to move bond prices."
      ],
      "requires_human": [
        "Any trade or transfer of a bond."
      ]
    },
    "ethics": {
      "considerations": [
        "Mis-sold bonds have cost savers their pensions.",
        "Sovereign debt affects whole populations through austerity or default."
      ],
      "affected_parties": [
        "Investors and savers",
        "Taxpayers",
        "Issuers"
      ]
    },
    "owners": {
      "steward": "The bondholder owns it; the issuer owes it; securities regulators supervise the market.",
      "master_systems": [
        "Central securities depositories",
        "Securities regulators' prospectus registers"
      ]
    }
  },
  "sources": [
    {
      "id": "oewn",
      "title": "Open English WordNet 2024, synset oewn-13438583-n",
      "url": "https://en-word.net/id/oewn-13438583-n",
      "what_it_supports": "sense and gloss of the concept",
      "url_status": "live",
      "checked_by": "http 200"
    },
    {
      "id": "wiktionary-en",
      "title": "Wiktionary: bond",
      "url": "https://en.wiktionary.org/wiki/bond",
      "what_it_supports": "word senses and usage",
      "url_status": "live",
      "checked_by": "http 200"
    }
  ],
  "structure": {
    "bundles": [
      {
        "id": "terms",
        "name": "Terms",
        "description": "Which bond.",
        "rationale": "Terms define the bond.",
        "layers": [
          {
            "id": "issue",
            "name": "Issue",
            "description": "Issuer and ISIN.",
            "findings": [
              {
                "id": "issue-finding",
                "name": "Issue",
                "description": "Bond identity.",
                "questions": [
                  {
                    "text": "Who issued the bond, and what is its ISIN?",
                    "kind": "provenance"
                  },
                  {
                    "text": "What type is it?",
                    "kind": "definition"
                  }
                ]
              }
            ]
          },
          {
            "id": "cashflows",
            "name": "Cash flows",
            "description": "Coupon and maturity.",
            "findings": [
              {
                "id": "cashflows-finding",
                "name": "Cashflows",
                "description": "Cash flows.",
                "questions": [
                  {
                    "text": "What are its coupon and maturity?",
                    "kind": "measurement"
                  },
                  {
                    "text": "Is it callable or convertible?",
                    "kind": "definition"
                  }
                ]
              }
            ]
          }
        ]
      },
      {
        "id": "valuation",
        "name": "Valuation",
        "description": "Price and yield.",
        "rationale": "Price and yield are linked.",
        "layers": [
          {
            "id": "yield",
            "name": "Yield",
            "description": "Computation.",
            "findings": [
              {
                "id": "yield-finding",
                "name": "Yield",
                "description": "Yield.",
                "questions": [
                  {
                    "text": "What yield does this price imply?",
                    "kind": "measurement"
                  },
                  {
                    "text": "Which yield measure is used?",
                    "kind": "definition"
                  }
                ]
              }
            ]
          },
          {
            "id": "rating",
            "name": "Rating",
            "description": "Credit quality.",
            "findings": [
              {
                "id": "rating-finding",
                "name": "Rating",
                "description": "Credit rating.",
                "questions": [
                  {
                    "text": "What rating does it have, from which agency?",
                    "kind": "provenance"
                  },
                  {
                    "text": "When was it last reviewed?",
                    "kind": "provenance"
                  }
                ]
              }
            ]
          }
        ]
      },
      {
        "id": "risks",
        "name": "Risks",
        "description": "What can go wrong.",
        "rationale": "Risks must be understood.",
        "layers": [
          {
            "id": "credit",
            "name": "Credit risk",
            "description": "Default.",
            "findings": [
              {
                "id": "credit-finding",
                "name": "Credit",
                "description": "Credit risk.",
                "questions": [
                  {
                    "text": "What happens if the issuer defaults?",
                    "kind": "boundary"
                  },
                  {
                    "text": "Where does the bond rank?",
                    "kind": "definition"
                  }
                ]
              }
            ]
          },
          {
            "id": "rates",
            "name": "Rate risk",
            "description": "Interest rates.",
            "findings": [
              {
                "id": "rates-finding",
                "name": "Rates",
                "description": "Interest-rate risk.",
                "questions": [
                  {
                    "text": "How would rising rates affect its price?",
                    "kind": "definition"
                  },
                  {
                    "text": "What is its duration?",
                    "kind": "measurement"
                  }
                ]
              }
            ]
          }
        ]
      },
      {
        "id": "limits",
        "name": "Limits",
        "description": "No advice.",
        "rationale": "Agents should not give investment advice.",
        "layers": [
          {
            "id": "advice",
            "name": "Advice",
            "description": "Boundary.",
            "findings": [
              {
                "id": "advice-finding",
                "name": "Advice",
                "description": "Advice limit.",
                "questions": [
                  {
                    "text": "Is the user asking whether to buy this bond?",
                    "kind": "boundary"
                  },
                  {
                    "text": "How should the agent respond and refer?",
                    "kind": "action"
                  }
                ]
              }
            ]
          },
          {
            "id": "protection",
            "name": "Protection",
            "description": "Investor rights.",
            "findings": [
              {
                "id": "protection-finding",
                "name": "Protection",
                "description": "Investor protection.",
                "questions": [
                  {
                    "text": "Which investor protections and prospectus rules apply?",
                    "kind": "provenance"
                  },
                  {
                    "text": "Where can complaints go?",
                    "kind": "action"
                  }
                ]
              }
            ]
          }
        ]
      }
    ]
  },
  "openQuestions": [
    "Should bond types be separate entries?",
    "How should ISINs be linked?",
    "How should other senses be split off?"
  ],
  "statistics": {
    "bundles": 4,
    "layers": 8,
    "findings": 8,
    "questions": 16
  }
}