PICS Terminology

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Label
The carrier for a bundle of metadata; describes one or more properties of the labeled object according to exactly one schema.
Rating
The portion of a Label containing just the properties and their respective values.
Rating System
A definition of a set of named properties and their semantics; a metadata schema.
Rating Service
A producer of Labels; an entity who encodes Ratings following a particular Rating Service.
Label Bureau
A distributor of Labels.

Ralph Swick & Eric Miller

W3C