Approaches for the analysis and specification of business vocabularies and rules are relevant topics in both Business Process Management and Information Systems Development disciplines. However, in common practice of Information Systems Development, the Business modeling activities still are of mostly empiric nature. In this paper, aspects of the approach for semi-automatic extraction of business vocabularies (BV) from business process models (BPM) are presented. The approach is based on novel business modeling-level OMG standards “Business Process Model and Notation” (BPMN) and “Semantics for Business Vocabularies and Business Rules” (SBVR), thus contributing to OMG’s vision of Model-Driven Architecture (MDA) and to model-driven development in general. The discussed extraction approach is evaluated against fully-automatic BPMN BPM → SBVR BV transformation that has been developed in parallel to the presented work.