This is a proposal for a model of the kinds of semantic relation that exist between entities. It draws primarily on the linguistic domain of binominal lexemes (noun-noun compounds and their functional equivalents), as in “bird song” -- a song that is produced by a bird -- which is an instance of the PRODUCTION relation. In addition, it draws on metonymic patterns of the type “I’m reading Shakespeare”, an instance of the PRODUCER FOR PRODUCT metonymy. Further refinements come through the integration of conceptual relations typically found in polysemy, which can be traced back to Aristotle's three principles of remembering: similarity, contrast and contiguity. The PHAB model is also informed by models of knowledge representation and thus has applicability outside of the domain of natural language.