Ontology is the name of the philosophical discipline that provides answers about what there is. The view laid out in the paper, i.e. austere realism, is realistic in that it defends the existence of a thought and language independent world. It is also inclined towards austerity in that it does not take this world to be as richly ontologically populated with entities as common sense initially presupposes. Yet it is a view that results from common sense taking a reflexive attitude (...) about its ontological commitments. Despite its austere consequences, according to this view, many thoughts and sentences expressed by common sense are true, provided that truth is not considered as direct correspondence, i.e. not as the ultimate ontological correspondence to the world. This is enabled by the construal of truth as indirect correspondence that merges the world and contextually operative semantic standards. Such a combined ontological cum semantic view seems a plausible and a well defendable position. (shrink)