FIBOFTF — Inconsistent use of "entity" in definitions

In some cases it's used to represent "thing" - for example takesForm is (inadequately) defined as: "identifies the form the entity takes"; in others it's used to represent "IndependentParty" (or similar) as in the definition for isheldBy "something that is possessed by and at least partially under the control of some entity, which can be used or acted on by the holder, regardless of ownership".
We should review all uses of "entity" and ideally replace by a term that has a formal definition in FIBO e.g. Independentparty (and we should update the domain/range of the properties to reflect that).

inconsistent use of the word Entity.

Get rid of this word. There are ISO 1087 patterns for this (we could consider recasting definitions in a new structure). We can use those patterns to inform the structure of future definitions. Action: Defer this one for now, EK and Jim Odell will work on this, starting with a proposal in one ontology (checked with MB). See also "embellish" and also SBVR have various approaches. We arelooking at ISO 704 structures for this, and ISO 806 and ISO 12260 and another one.