The notion of ontology originates in philosophy. It has been recently employed in computer science and information technology for representing knowledge. In the first part of the paper, I argue that there is a significant overlap in these notions of ontology. Utilizing this overlap, I show in the second part that ontologies can be used for developing a new powerful heuristic method for resolving verbal disputes in philosophy. Verbal disputes can be defined in terms of ontologies: A dispute over two texts P and S is verbal if and only if both of them can be mapped into the same ontology. In the appendix, I analyze the dispute over logical pluralism and indicate how my method of resolving verbal disputes can be employed