Glossary.

The controls a business runs to detect and prevent the use of its products for laundering money.

The time a figure was read from its source, shown beside the figure.

A report in which an accounting firm states whether the reserves behind a token match the published figures on a given date.

An independent examination of financial statements or code that ends in a written opinion from the firm that performed it.

Money placed with a bank under an agreement that sets the rate, the term and the conditions for withdrawal.

A structure intended to keep an asset pool separate if the operating company fails.

The public Layer-1 network that CenterNetwork builds on, open to anyone who wants to use or validate it.

A short fingerprint of a file that changes if a single byte of the file changes.

The risk that the other side of an arrangement fails to do what it agreed to do.

The risk that moves in an exchange rate change what a holding is worth in the holder currency.

A firm whose business is holding assets for others, named in the documents and examined in the financial audit.

The CenterNetwork rule that no asset is minted before both a code audit and a financial audit are published.

The test that decides whether a person or an institution may hold a given token in a given country.

The point at which a transaction can no longer be reversed by the network.

The entity that creates a token and owes the obligations described in its terms.

The identity and source-of-funds checks a business performs before it opens an account.

How quickly a holding can be turned into cash without moving its price.

The value of one token calculated from the assets behind it, less fees and liabilities, at a stated time.

A figure shown after the management and operating fees of the product have been deducted.

The fee paid to the network for including and executing a transaction, priced in the network asset.

A defined sale of a token or security, with a size, a price, a window and a set of eligible investors.

An investor who meets a legal threshold of wealth, income or experience and may access offerings closed to others.

A published comparison of the reserves held against a token and the supply of that token, with the time it was read.

Exchanging a token back for its value in cash or the underlying asset under the published schedule.

Reserves divided by token supply, expressed as a percentage, read at a stated time.

A country whose residents cannot hold a given token because of law, sanctions or the terms of the offering.

Checking a person or entity against published lists of restricted parties before and during a relationship.

The moment a transfer becomes final and the records of both sides agree.

Code deployed to a network that executes rules automatically when it receives a transaction.

The risk that a government does not meet the obligations of the debt it has issued.

A separate legal entity created to hold one pool of assets and nothing else.

A token designed to hold a steady value against a reference currency, backed by reserves held for that purpose.

Locking the network asset to support validation, with rewards and penalties defined by the protocol.

The annualised return an asset aims to produce, before it happens, shown net of fees.

Representing a real-world asset as a transferable token on a public network, with rights and records defined off chain.

A short-dated government debt instrument sold at a discount and repaid at face value on its maturity date.

An operator that proposes and verifies blocks on CenterChain and stakes the network asset to do so.

The badge shown on an asset that has both a published code audit and a published financial audit.

The return a bill or bond produces if it is held to its maturity date and pays as scheduled.