Fintech Glossary: A Guide to Fintech Terminology - Easy2Employ

December 7, 2020by Easy2Employ

Bitcoin Vocabulary

Education terms (previously called A-Z of terms) was the controlled vocabulary developed and maintained by the Department for Education. Winding-up Petition – A winding-up petition is a petition presented to the court seeking an order that a company be put into compulsory liquidation. Winding-up – (Or liquidation) – the procedure whereby the assets of a company (or partnership) are gathered in and realised, the liabilities met and the surplus, if any, distributed to members. Voluntary disclosure– Is a tax program where a delinquent taxpayer discloses information voluntarily to avoid any liabilities or prosecution prior non-disclosure.

Bitcoin Vocabulary

They automatically execute and enforce the agreed-upon conditions without the need for intermediaries. HODL is a term coined from a misspelling of “hold” and has become a popular meme in the crypto community. It refers to the strategy of holding onto your cryptocurrencies rather than selling them, even during price fluctuations.

Security Information and Event Management – SIEM

Forfeiture – when the tenant has not met the conditions of tenancy agreement therefore losing the possession of the property. Force majeure – an event that cannot be controlled and will stop duties under an agreement from being carried out. Family Division – sector of the high court that specifically deals with marriage,
divorce and probate. False pretences – the crime of knowingly making untrue statements for the purpose of
obtaining money or property fraudulently.

Expert Witness – a person who is a specialist in a subject and may give their expert
opinion on the matter without being a witness to any occurrence in the actual
lawsuit. The judge has the discretion on whether to qualify whether he/she is
an expert Bitcoin Vocabulary or not. Exemplary damages – damages that are awarded in excess of the claimant’s loss. These damages are awarded with the intent to punish the defendant rather than compensate the claimant and will only be awarded in limited circumstances.

Blockchain Wallet

MBR can work with both BIOS or UEFI firmware but cannot address disks larger than 2TB. It can be replaced by the GUID Partition Table (GPT) on UEFI firmware devices. In cyber security, this refers to artificial-intelligence techniques for helping computers adapt to evolving threats. It is useful for understanding large amounts of data, user behaviour or detecting anomalies in networks. Keylogging, also known as keystroke logging or keyboard capture, is the action of recording, often secretly, the keys struck on a keyboard.

Bitcoin Vocabulary

Wallet – a digital storage device or location for keeping crypto assets secure. Wallets can be online (see hot wallet) or offline (see cold wallet). This is important in crypto because a blockchain is an immutable record of transactions. Cryptographic hashing will flag attempts to change something, even when there are huge amounts of data. Distributed ledger – in traditional finance, an organisation such as a bank holds a ledger of all its customers’ transactions.

What’s the key to happiness?

Preferential Creditor – A creditor who is entitled to receive certain payments in priority to floating charge holders and other unsecured creditors. These creditors include occupational pension schemes and employees. Such property can be disclaimed by a liquidator or https://www.tokenexus.com/mtl/ a trustee in bankruptcy. Negotiable Instrument– is a document that guarantees specific payment of a sum of money, either a set demand or a set time from the debtor. Such a transaction may be challenged by an administrator, a liquidator or a trustee in bankruptcy.

The various official reports points towards a two-tier approach where CBDCs would be issued by central banks to commercial banks and commercial banks would then distribute the currency to their clients. Vocabulary and concepts have evolved since Satoshi Nakamoto3 published in 2008 the famous 8-page Bitcoin white paper describing a peer-to-peer payment system based on decentralised ledgers and proof of work. Bitcoin and Blockchain marked paradigm shifts from traditional payment systems based on a central trusted third party.

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What do we do?
Recruitment, Executive search, Onshore/Offshore tech resources, HR services, technology consulting, financial and business analysis,
GET IN TOUCHEasy2Employ Social links
Become part of trending conversations and a brand new community of recruiters online!

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