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Explore 1,139+ clear, technical, and objective definitions defining the decentralized future.
Source of funds describes where the money or crypto used in a particular transaction or account originated.
Source of wealth describes how a customer accumulated their overall wealth over time.
A beneficial owner is the natural person who ultimately owns, controls, or benefits from an asset, account, or legal entity.
An ultimate beneficial owner is the natural person who ultimately owns or controls a legal entity or arrangement.
Customer Due Diligence is the process of identifying customers, understanding relevant risk, and verifying information under compliance rules.
Enhanced Due Diligence applies additional verification and monitoring to customers or activities presenting higher compliance risk.
A Suspicious Transaction Report is a report filed with a competent authority when activity meets the jurisdiction's suspicious-transaction reporting threshold.
A Suspicious Activity Report is a formal report used in some jurisdictions to notify authorities about potentially suspicious financial activity.
Sanctions screening checks customers, counterparties, or transactions against applicable sanctions lists and restrictions.
A politically exposed person is an individual entrusted with a prominent public function who may require enhanced financial-crime risk controls.
A Money Services Business is a regulated business category that can include certain money transmission, exchange, or payment activities.
A money transmitter is a person or business that accepts and transmits money or value for others under applicable law.
A regulatory sandbox is a supervised framework allowing eligible firms to test financial products or services under controlled regulatory conditions.
A DeFi money market is an on-chain system where users supply assets that others can borrow under protocol-defined collateral and interest rules.
A lending market is a pool or protocol segment where a specific asset can be supplied, borrowed, and priced for credit risk.
The borrow rate is the interest rate a borrower pays for using assets borrowed from a DeFi market.
The supply rate is the yield rate earned by users who provide assets to a lending market.
Utilization rate measures how much of a lending pool's supplied liquidity is currently borrowed.
Reserve factor is the share of lending interest retained by a protocol rather than paid to suppliers.
Collateral factor is the percentage of an asset's value that a lending protocol recognizes when calculating borrowing capacity.