Semantics of Business Vocabulary and Business Rules

Semantics of Business Vocabulary (SBV) refers to defining the precise meaning of key business terms to ensure everyone understands them consistently. Business Rules are specific guidelines or conditions that govern how business processes work, such as "Customer refunds are processed within three days." Together, SBV clarifies terminology, while Business Rules set the standards and actions based on that terminology, helping organizations ensure clarity, compliance, and effective decision-making. This structured approach improves communication and reduces errors in business operations.