]> 2008/06/10 OpenCyc Knowledge Base Copyright© 2001-2008 Cycorp, Inc., http://www.cyc.com/, Austin, TX, USA This file contains an OWL representation of information contained in the OpenCyc Knowledge Base. The content of this OWL file is licensed under the Creative Commons Attribution 3.0 license whose text can be found at http://creativecommons.org/licenses/by/3.0/legalcode. The content of this OWL file, including the OpenCyc content it represents, constitutes the "Work" referred to in the Creative Commons license. The terms of this license equally apply to, without limitation, renamings and other logically equivalent reformulations of the content of this OWL file (or portions thereof) in any natural or formal language, as well as to derivations of this content or inclusion of it in other ontologies. externalID A unique, language-neutral, variable-sized identifier for a concept that can be used to refer unambiguously to that concept across OWL exports or across Cyc inference engines. label A natural-language representation for a concept that is both human readable and readable by the Cyc inference engine. These terms are not guaranteed to refer to the same concept across time but are guaranteed to be consistent within a particular OWL export. Use 'cycAnnot:externalID' for unambiguously referring to a concept across OWL exports or across Cyc inference engines. reverse annuity mortgage The collection of <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvuDzypwpEbGdrcN5Y29ycA" class="cyc_term">MortgageAgreement</a>s in which the owner of a <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvVjmiZwpEbGdrcN5Y29ycA" class="cyc_term">HumanResidence</a> recieves money or a <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rMy7FqHS7EdaAAACgyZzFrg" class="cyc_term">SecuredLineOfCredit</a> (or some combination of these) taken from the equity the owner has amassed by paying a previous <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvuDzypwpEbGdrcN5Y29ycA" class="cyc_term">MortgageAgreement</a> on that property. Such mortgages are usually given to senior citizens who have totally or nearly totally repaid any existing mortgage on their residences. The <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvabQTpwpEbGdrcN5Y29ycA" class="cyc_term">MortgageAccount</a> is typically settled when the <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rwH2lXZwpEbGdrcN5Y29ycA" class="cyc_term">borrower</a> no longer occupies that residence. The <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rwH2lXZwpEbGdrcN5Y29ycA" class="cyc_term">borrower</a> on a <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvkkZF5wpEbGdrcN5Y29ycA" class="cyc_term">ReverseMortgage</a> cannot be forced to sell the residence to repay it as long as the <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rwH2lXZwpEbGdrcN5Y29ycA" class="cyc_term">borrower</a> occupies that residence, even if the value of the loan exceeds the value of the residence. The <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvkkZF5wpEbGdrcN5Y29ycA" class="cyc_term">ReverseMortgage</a> is usually easier to obtain than other <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4riPzHEHS6EdaAAACgyZzFrg" class="cyc_term">HomeEquityLoan</a>s. ReverseMortgage http://en.wikipedia.org/wiki/Reverse_mortgage reverse mortgages reverse mortgage reverse annuity mortgages reverse annuity mortgage The collection of <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvuDzypwpEbGdrcN5Y29ycA" class="cyc_term">MortgageAgreement</a>s in which the owner of a <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvVjmiZwpEbGdrcN5Y29ycA" class="cyc_term">HumanResidence</a> recieves money or a <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rMy7FqHS7EdaAAACgyZzFrg" class="cyc_term">SecuredLineOfCredit</a> (or some combination of these) taken from the equity the owner has amassed by paying a previous <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvuDzypwpEbGdrcN5Y29ycA" class="cyc_term">MortgageAgreement</a> on that property. Such mortgages are usually given to senior citizens who have totally or nearly totally repaid any existing mortgage on their residences. The <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvabQTpwpEbGdrcN5Y29ycA" class="cyc_term">MortgageAccount</a> is typically settled when the <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rwH2lXZwpEbGdrcN5Y29ycA" class="cyc_term">borrower</a> no longer occupies that residence. The <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rwH2lXZwpEbGdrcN5Y29ycA" class="cyc_term">borrower</a> on a <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvkkZF5wpEbGdrcN5Y29ycA" class="cyc_term">ReverseMortgage</a> cannot be forced to sell the residence to repay it as long as the <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rwH2lXZwpEbGdrcN5Y29ycA" class="cyc_term">borrower</a> occupies that residence, even if the value of the loan exceeds the value of the residence. The <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvkkZF5wpEbGdrcN5Y29ycA" class="cyc_term">ReverseMortgage</a> is usually easier to obtain than other <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4riPzHEHS6EdaAAACgyZzFrg" class="cyc_term">HomeEquityLoan</a>s. ReverseMortgage reverse annuity mortgage The collection of <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvuDzypwpEbGdrcN5Y29ycA" class="cyc_term">MortgageAgreement</a>s in which the owner of a <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvVjmiZwpEbGdrcN5Y29ycA" class="cyc_term">HumanResidence</a> recieves money or a <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rMy7FqHS7EdaAAACgyZzFrg" class="cyc_term">SecuredLineOfCredit</a> (or some combination of these) taken from the equity the owner has amassed by paying a previous <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvuDzypwpEbGdrcN5Y29ycA" class="cyc_term">MortgageAgreement</a> on that property. Such mortgages are usually given to senior citizens who have totally or nearly totally repaid any existing mortgage on their residences. The <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvabQTpwpEbGdrcN5Y29ycA" class="cyc_term">MortgageAccount</a> is typically settled when the <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rwH2lXZwpEbGdrcN5Y29ycA" class="cyc_term">borrower</a> no longer occupies that residence. The <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rwH2lXZwpEbGdrcN5Y29ycA" class="cyc_term">borrower</a> on a <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvkkZF5wpEbGdrcN5Y29ycA" class="cyc_term">ReverseMortgage</a> cannot be forced to sell the residence to repay it as long as the <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rwH2lXZwpEbGdrcN5Y29ycA" class="cyc_term">borrower</a> occupies that residence, even if the value of the loan exceeds the value of the residence. The <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvkkZF5wpEbGdrcN5Y29ycA" class="cyc_term">ReverseMortgage</a> is usually easier to obtain than other <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4riPzHEHS6EdaAAACgyZzFrg" class="cyc_term">HomeEquityLoan</a>s. ReverseMortgage mortgage This is a collection of agreements; a subset of <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvViwHJwpEbGdrcN5Y29ycA" class="cyc_term">AuthorizedAgreement</a>. Each element of <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvuDzypwpEbGdrcN5Y29ycA" class="cyc_term">MortgageAgreement</a> is generated from an instance of <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvgkxIpwpEbGdrcN5Y29ycA" class="cyc_term">EnteringIntoAMortgageAgreement</a>. A <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvuDzypwpEbGdrcN5Y29ycA" class="cyc_term">MortgageAgreement</a> contains the terms of a mortgage (in which money is borrowed and a claim against the borrower's property is given to secure the loan). MortgageAgreement Pretty String (<a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rwLSVCpwpEbGdrcN5Y29ycA" class="cyc_term">prettyString</a> TERM STRING) means that STRING is the English word or expression (sequence of words) commonly used to refer to TERM. The predicate <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rwLSVCpwpEbGdrcN5Y29ycA" class="cyc_term">prettyString</a> is used by the code which generates CycL to English paraphrases, but its applicability is not restricted to this use. prettyString reverse annuity mortgage The collection of <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvuDzypwpEbGdrcN5Y29ycA" class="cyc_term">MortgageAgreement</a>s in which the owner of a <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvVjmiZwpEbGdrcN5Y29ycA" class="cyc_term">HumanResidence</a> recieves money or a <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rMy7FqHS7EdaAAACgyZzFrg" class="cyc_term">SecuredLineOfCredit</a> (or some combination of these) taken from the equity the owner has amassed by paying a previous <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvuDzypwpEbGdrcN5Y29ycA" class="cyc_term">MortgageAgreement</a> on that property. Such mortgages are usually given to senior citizens who have totally or nearly totally repaid any existing mortgage on their residences. The <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvabQTpwpEbGdrcN5Y29ycA" class="cyc_term">MortgageAccount</a> is typically settled when the <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rwH2lXZwpEbGdrcN5Y29ycA" class="cyc_term">borrower</a> no longer occupies that residence. The <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rwH2lXZwpEbGdrcN5Y29ycA" class="cyc_term">borrower</a> on a <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvkkZF5wpEbGdrcN5Y29ycA" class="cyc_term">ReverseMortgage</a> cannot be forced to sell the residence to repay it as long as the <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rwH2lXZwpEbGdrcN5Y29ycA" class="cyc_term">borrower</a> occupies that residence, even if the value of the loan exceeds the value of the residence. The <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvkkZF5wpEbGdrcN5Y29ycA" class="cyc_term">ReverseMortgage</a> is usually easier to obtain than other <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4riPzHEHS6EdaAAACgyZzFrg" class="cyc_term">HomeEquityLoan</a>s. ReverseMortgage The collection of <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvkmKO5wpEbGdrcN5Y29ycA" class="cyc_term">LoanAgreement</a>s that are secured by the <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rwH2lXZwpEbGdrcN5Y29ycA" class="cyc_term">borrower</a>'s equity in his home. Home equity loans can be used for any purpose. Such loans are collateralized by the <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rwH2lXZwpEbGdrcN5Y29ycA" class="cyc_term">borrower</a>'s home. home equity loan HomeEquityLoan type of temporally stuff-like thing A specialization of <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvVir35wpEbGdrcN5Y29ycA" class="cyc_term">StuffType</a> (q.v.) whose instances are all and only those collections that are temporally stuff-like. A collection <code>COL</code> is temporally stuff-like just in case every purely temporal part (see <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvWn4OZwpEbGdrcN5Y29ycA" class="cyc_term">timeSlices</a>) of an instance of <code>COL</code> is itself an instance of <code>COL</code>, unless it is a temporal part of a temporal granule of <code>COL</code> (see <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvVjaJJwpEbGdrcN5Y29ycA" class="cyc_term">granuleOfTemporalStuff</a>). More precisely, for a collection <code>COL</code> to be an instance of <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvVitN5wpEbGdrcN5Y29ycA" class="cyc_term">TemporalStuffType</a> it is both a necessary and sufficient condition that for any <code>OBJ1</code> and <code>OBJ2</code> (with <code>OBJ2</code> at or above <code>COL</code>'s temporal granularity level), if <code>(<a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvViBBJwpEbGdrcN5Y29ycA" class="cyc_term">isa</a> OBJ1 COL)</code> and <code>(<a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvWn4OZwpEbGdrcN5Y29ycA" class="cyc_term">timeSlices</a> OBJ1 OBJ2)</code>, then <code>(<a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvViBBJwpEbGdrcN5Y29ycA" class="cyc_term">isa</a> OBJ2 COL)</code>. Consider <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvVi0gpwpEbGdrcN5Y29ycA" class="cyc_term">WalkingOnTwoLegs</a>. Take an arbitrary instance <code>WALK</code> of this collection (say Miss America 2000's victory walk down the runway and back); and then take an arbitrary time-slice <code>SUBWALK</code> of <code>WALK</code> that subsumes at least one instance of (the <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvVjaJJwpEbGdrcN5Y29ycA" class="cyc_term">granuleOfTemporalStuff</a> for <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvVi0gpwpEbGdrcN5Y29ycA" class="cyc_term">WalkingOnTwoLegs</a>) <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvViYBpwpEbGdrcN5Y29ycA" class="cyc_term">TakingAStep</a> (say her trip back from the end of the runway). <code>SUBWALK</code> is itself an instance of <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvVi0gpwpEbGdrcN5Y29ycA" class="cyc_term">WalkingOnTwoLegs</a>. So <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvVi0gpwpEbGdrcN5Y29ycA" class="cyc_term">WalkingOnTwoLegs</a> is an instance of <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvVitN5wpEbGdrcN5Y29ycA" class="cyc_term">TemporalStuffType</a>. See <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvViq35wpEbGdrcN5Y29ycA" class="cyc_term">TemporalObjectType</a> for the disjoint notion of being temporally object-like. TemporalStuffType reverse annuity mortgage The collection of <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvuDzypwpEbGdrcN5Y29ycA" class="cyc_term">MortgageAgreement</a>s in which the owner of a <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvVjmiZwpEbGdrcN5Y29ycA" class="cyc_term">HumanResidence</a> recieves money or a <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rMy7FqHS7EdaAAACgyZzFrg" class="cyc_term">SecuredLineOfCredit</a> (or some combination of these) taken from the equity the owner has amassed by paying a previous <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvuDzypwpEbGdrcN5Y29ycA" class="cyc_term">MortgageAgreement</a> on that property. Such mortgages are usually given to senior citizens who have totally or nearly totally repaid any existing mortgage on their residences. The <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvabQTpwpEbGdrcN5Y29ycA" class="cyc_term">MortgageAccount</a> is typically settled when the <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rwH2lXZwpEbGdrcN5Y29ycA" class="cyc_term">borrower</a> no longer occupies that residence. The <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rwH2lXZwpEbGdrcN5Y29ycA" class="cyc_term">borrower</a> on a <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvkkZF5wpEbGdrcN5Y29ycA" class="cyc_term">ReverseMortgage</a> cannot be forced to sell the residence to repay it as long as the <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rwH2lXZwpEbGdrcN5Y29ycA" class="cyc_term">borrower</a> occupies that residence, even if the value of the loan exceeds the value of the residence. The <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4rvkkZF5wpEbGdrcN5Y29ycA" class="cyc_term">ReverseMortgage</a> is usually easier to obtain than other <a href="http://sw.opencyc.org/2008/06/10/concept/Mx4riPzHEHS6EdaAAACgyZzFrg" class="cyc_term">HomeEquityLoan</a>s. ReverseMortgage