Glossary
The glossary keeps the core operating terms readable without importing local-law labels or operator-owned claims.
Glossary terms
- Tokenized asset
- A recorded representation of rights defined by a published programme or terms set.
- Program terms
- The governing terms that define participant rules, rights, limits, and close conditions.
- Monetary claim
- A payment obligation or cash-flow right owed under the programme terms.
- DvP
- Delivery versus payment: the asset and cash legs settle together.
- Technical default
- An intermediate status used before formal default is declared.
- Default
- Formal non-performance under the programme terms.
- Register state
- The governed holder and status record maintained by the appointed recordkeeper.
- Execution adapter
- A partner-mounted venue, transfer, or settlement function.
- Operating window
- The timing rule that determines when movement can proceed.