Good

From Open Risk Manual

Definition

Good. Any tangible thing that is not money or real estate.

An inherently useful and relatively scarce tangible item produced from agricultural, construction, manufacturing, or mining activities. According to the UN Convention On Contract For The International Sale Of Goods, the term 'good' does not include

  1. items bought for personal use,
  2. items bought at an Auction or Foreclosure sale,
  3. aircraft or oceangoing vessels.

See Also

  • In the context of Credit Scoring, "Good" refers to credit applicants that are in "good credit standing" at the end of the observation period. Used in Good-Bad Analysis

See Also


Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.

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