Facts are combinations of terms that describe what business people know about their business. It connects terms into sensible business relevant observations. Facts may describe the relationships between terms, like an Insurance Policy is a form of Contract, or it may describe the interactions between terms (collaboration).

Here are some examples of facts

• A coverage is the amount of protection against loss.
• A Deductible is the amount the Insured must pay when a loss occurs.
• A user must be part of a group, and the group includes the set of permissions the user can use.
• A taxpayer files a tax return form.
• A insured enters a claim in the system.
• A customer could have only one purchase order at a time