Substance theory, or substance attribute theory, is an ontological theory about objecthood, positing that a substance is distinct from its properties. A thing-in-itself is a property-bearer that must be distinguished from the properties it bears.
Substance is a key concept in ontology and metaphysics, which may be classified into monist, dualist, or pluralist varieties according to how many substances or individuals are said to populate, furnish, or exist in the world. According to monistic views, there is only one substance. Stoicism and Spinoza, for example, hold monistic views, that pneuma or God, respectively, is the one substance in the world. These modes of thinking are sometimes associated with the idea of immanence. Dualism sees the world as being composed of two fundamental substances, for example, the Cartesian substance dualism of mind and matter. Pluralist philosophies include Plato's Theory of Forms and Aristotle's hylomorphic categories.
Aristotle used the term "substance theory" in a secondary sense for genera and species understood as hylomorphic forms. Primarily, however, he used it with regard to his category of substance, the specimen ("this person" or "this horse") or individual, qua individual, who survives accidental change and in whom the essential properties inhere that define those universals.