Definition from ISO/CD 10303-42:1992: A placement entity defines
the local environment for the definition of a geometry item. It locates the
item to be defined and, in the case of the axis placement subtypes, gives its
orientation.
Additional definition from ISO/WD SC4/WG12/N071 Part42.2
geometry_schema: A placement locates a geometric item with respect to the
coordinate system of its geometric context.
Definition from IAI: The IfcPlacement is an abstract
supertype not to be directly instantiated, whereas the STEP P42 entity
placement can be instantiated to define a placement without orientation. The
derived attribute Dim has been added, see also note at
IfcGeometricRepresentationItem.
NOTE Corresponding STEP entity: placement, in contrary to IFC Release
1.0 the IfcPlacement definition in IFC Release 1.5 strictly follows the STEP
definition. Please refer to ISO/IS 10303-42:1994, p. 27 for the final
definition of the formal standard.
HISTORY New class in IFC Release 1.0