Objective precision and formal precision
Objective precision is distinguished against formal precision. Whereas objective precision is a process on the part of objective ''concepts'' (the objective correlates of the mental acts by means of which something is being conceived) formal precision is the corresponding process on the part of formal concepts or the mental ''acts'' themselves. Objective and formal precision are the two aspects (objective and subjective) of abstraction.Nominalism and realism
The two opposing philosophical views on universals,Ontological requirements on the part of the object
The schools are divided in their opinion what constitutes the necessary condition on the part of the object in order that objective precision be possible. According to the