3DS

Stands for 3 Domain Security, which is a security protocol that protects online credit and debit card transactions.

AML (Anti-Money Laundering)

Regulations and procedures aimed at preventing criminals from disguising illegally obtained funds as legitimate income.

API (Application Programming Interface)

A set of protocols and tools that allow different software applications to communicate and interact.

Asset Tokenization

The process of creating digital tokens on a blockchain that represent ownership of a real-world asset, such as gold or real estate.

Altcoin

Any cryptocurrency other than Bitcoin, including Ethereum, Cardano, and Solana.

ATM Withdrawal

The process of withdrawing fiat currency from an automated teller machine using a physical or virtual card linked to gold or crypto funds in Bullionz accounts and wallets.

ACH (Automated Clearing House)

A U.S.-based network that processes electronic payments, including direct deposits and bill payments.

Annual Percentage Rate (APR)

The total interest rate charged on a loan or credit balance over a year, including fees.

Asset Management

The professional management of financial assets and investments on behalf of clients.

Bitcoin (BTC)

The first decentralized cryptocurrency, often referred to as digital gold, created by an individual or group under the pseudonym Satoshi Nakamoto.

Blockchain

A decentralized, distributed ledger technology that records transactions across multiple computers in a secure and immutable way.

Bullion

Precious metals, such as gold and silver, in bulk form, often measured in bars or ingots, valued by weight and purity.

Buy Limit Order

An order placed to purchase an asset at or below a specific price, ensuring better control over trade execution.

Buy-Back Policy

A service offered by gold trading platforms, including Bullionz, allowing customers to sell their purchased gold back to the company.

Balance Transfer

The process of moving debt from one credit account to another, often with a lower interest rate.

Basel Accords

A set of international financial regulations designed to ensure financial stability and risk management.

Beneficiary

The person or entity designated to receive funds from a financial account, trust, or insurance policy.

Cash Deposit or Withdrawal

A request to deposit or withdraw cash in or from an account.

Cardano (ADA)

A blockchain platform and cryptocurrency focusing on scalability, interoperability, and sustainability.

CBDC (Central Bank Digital Currency)

A digital form of a country's national currency issued and regulated by the central financial institution of that country.

Candlestick Chart

A type of financial chart used to represent the price movements of an asset, showing open, high, low, and close prices for a specific time period.

Cold Wallet

A cryptocurrency storage method that remains offline, providing enhanced security against hacking.

Collateral

An asset pledged as security for a loan, which may be liquidated if the borrower fails to meet repayment terms.

Coins

Minted pieces of precious metals, such as gold or silver, typically used for trading or investment purposes.

Cryptocurrency

A digital or virtual currency that uses cryptography for security and operates independently of a central authority.

Crypto Wallet

A digital wallet used to store, send, and receive cryptocurrencies, available in forms such as hot wallets and cold wallets.

Crypto Staking

The process of participating in a proof-of-stake blockchain by locking up cryptocurrency to support network operations and earn rewards.

Clearing House

A financial institution that facilitates the settlement of transactions between other financial institutions.

Credit Score

A numerical rating used to assess a person’s creditworthiness based on financial history.

Collateral

An asset pledged as security for a loan, which the lender may seize if the borrower defaults.

DeFi (Decentralized Finance)

A financial ecosystem that uses blockchain technology to provide services such as lending, borrowing, and trading without intermediaries.

Deposit

The act of adding funds or assets to an account, whether fiat or cryptocurrency.

Digital Gold

A term used to describe digital assets, such as Bitcoin, that mimic the properties of physical gold as a store of value.

Diversification

A risk management strategy involving the allocation of investments across various assets or industries to reduce exposure to any single risk.

Dogecoin (DOGE)

A cryptocurrency originally created as a meme, which has gained popularity due to its community and high-profile endorsements.

Dynamic Pricing

A pricing strategy where the cost of an asset, such as gold or cryptocurrencies, fluctuates based on real-time market conditions.

Direct Deposit

An electronic transfer of funds directly into a recipient’s financial account, often used for salaries and benefits.

Digital Financial Services

The provision of financial services through online and digital only platforms or mobile apps.

Due Diligence

The process of reviewing and verifying financial and personal information before entering into a financial agreement.

Ethereum (ETH)

A blockchain platform that supports smart contracts and decentralized applications (dApps).

Exchange

A platform where users can buy, sell, and trade cryptocurrencies, gold, and other assets.

Exit Strategy

A plan for liquidating an investment at a specific point, often to lock in profits or limit losses.

EOS (EOS)

A blockchain platform designed for the development of decentralized applications with a focus on scalability and user experience.

Encryption

The process of converting information into a code to prevent unauthorized access.

Electronic Funds Transfer (EFT)

The electronic movement of money between accounts, often used for payments and wire transfers.

Equity

The ownership value of an asset after subtracting any outstanding liabilities.

Fiat Currency

Government-issued currency, such as the US Dollar or Euro, not backed by a physical commodity like gold.

Fork

A change in a blockchain protocol that creates two separate chains, often leading to the creation of a new cryptocurrency.

Futures Contract

An agreement to buy or sell an asset at a predetermined price at a future date, commonly used in gold trading.

FTX Token (FTT)

The native token of the FTX cryptocurrency exchange, used for reducing fees and earning rewards.

Fee Calculator

A tool to estimate transaction or service fees, often used for gold trading or cryptocurrency transactions.

Fiduciary

A person or institution legally required to act in the best interest of another party, such as a trustee or financial advisor.

Fixed Interest Rate

An interest rate that remains constant over the life of a loan or deposit.

Foreign Exchange (Forex or FX)

The global marketplace for buying and selling currencies.

Gold-Backed Cryptocurrency

A digital currency whose value is tied to the price of gold, providing a stable and tangible backing.

Gold ETF (Exchange-Traded Fund)

A financial instrument that tracks the price of gold, allowing investors to gain exposure without physically holding the metal.

Gram

A unit of measurement for gold, often used in trading smaller quantities.

Gas Fee

A transaction fee on blockchain networks like Ethereum, paid to miners or validators for processing transactions.

Graphs

Visual representations of data, such as price movements or market trends, often used in gold and crypto trading.

Grace Period

A set period after a payment is due, during which no penalties or interest are charged.

Gross Income

Total earnings before deductions such as taxes and retirement contributions.

Hash

A unique alphanumeric code that represents data, used for security and verification in blockchain transactions.

Halving

A programmed event in many cryptocurrencies where the mining reward is reduced by half, impacting the asset's supply and price.

Hedge

An investment strategy used to offset potential losses in another investment, often by trading in gold or cryptocurrencies.

Hot Wallet

A cryptocurrency wallet connected to the internet, offering convenience but higher security risks compared to cold wallets.

High Purity Gold

Gold with a purity level of 99.9% or higher, often referred to as 24-karat gold.

Hold Period

The time during which deposited funds are temporarily unavailable for withdrawal.

Hedge Fund

A pooled investment fund that employs various strategies to maximize returns for investors.

IBAN (International Bank Account Number)

A standardized international numbering system used for identifying financial accounts across borders.

Internet and Mobile Financial Management

Bullionz provides the customer with access to its financial services via internet, mobile, or telephone devices.

Inflation Hedge

An asset, like gold, that protects against the eroding purchasing power of currency due to inflation.

Initial Coin Offering (ICO)

A fundraising method where new cryptocurrencies or tokens are sold to investors before being listed on exchanges.

Interoperability

The ability of different blockchain networks to communicate and interact seamlessly with one another.

Ingots

Solid blocks of precious metal, such as gold, cast into specific shapes and weights.

Inflation

The rate at which the general level of prices for goods and services rises, reducing purchasing power.

Interbank Rate

The interest rate financial institutions charge each other for short-term loans.

Joint Account

A financial account shared by two or more individuals with equal access and responsibility.

Judgment Lien

A court ruling that grants a lender the right to seize a debtor’s assets to satisfy a debt.

Know Your Customer (KYC)

A mandatory process for verifying the identity of customers to prevent fraud and comply with regulatory requirements.

Kusama (KSM)

A blockchain platform for developers to experiment with and test new projects before launching on Polkadot.

Krugerrand

A popular gold coin minted by South Africa, widely traded globally.

Key Rate

The benchmark interest rate set by central financial institutions that influences lending rates in the economy.

Liquidity

The ease with which an asset, such as gold or cryptocurrency, can be converted into cash without affecting its market price.

Limit Order

A trade order to buy or sell an asset at a specified price or better.

Litecoin (LTC)

A cryptocurrency created as a faster and lighter alternative to Bitcoin, often referred to as digital silver.

Letter of Credit (LC)

A financial document guaranteeing that a buyer’s payment to a seller will be received on time.

Maintaining The Account

Bullionz operates the account for use by the customer.

Making Payments

Bullionz enables the customer to make payments using an international card, linked to their Bullionz account.

Market Order

A trade order executed immediately at the current market price.

Mining

The process of validating cryptocurrency transactions and adding them to the blockchain, often rewarded with new coins.

Minting

The creation of new cryptocurrency tokens or the production of physical gold coins.

Metaverse

A virtual reality space where users can interact, often involving cryptocurrencies and blockchain-based assets.

Minted Bars

Gold bars that have been stamped or engraved by a mint with specific details, such as weight and purity.

Margin Call

A demand from a broker for an investor to deposit additional funds to cover potential losses.

Money Market Account

A type of savings account that typically offers higher interest rates and limited transactions.

NFT (Non-Fungible Token)

A unique digital asset representing ownership of a specific item, such as art or collectibles, often stored on the blockchain.

Node

A computer connected to a blockchain network, responsible for validating and recording transactions.

Nano (XNO)

A cryptocurrency designed for fast, fee-less digital payments.

Non-Sufficient Funds (NSF)

A situation where a financial account lacks the required funds to complete a transaction.

Net Worth

The total value of a person’s or company’s assets minus liabilities.

On-Ramp

A service that allows customers to convert fiat currency into cryptocurrency.

Off Ramp

A service that allows customers to convert cryptocurrency into fiat currency, enabling withdrawal to financial accounts via traditional monetary systems.

Overdraft

A situation where a financial account balance goes below zero due to withdrawals exceeding available funds.

Offshore Financial Services

Financial services provided in a foreign country, often for tax benefits and privacy.

Payments

The transfer of funds from one party to another, weather in fiat or cryptocurrency.

Peer-to-Peer (P2P)

A decentralized exchange model where buyers and sellers interact directly without intermediaries.

Polkadot (DOT)

A blockchain platform enabling interoperability between different blockchain networks.

Portfolio

A collection of investments held by an individual or institution, often diversified across asset classes like gold and cryptocurrencies.

Proof of Work (PoW)

A consensus mechanism used by some blockchains, requiring miners to solve complex mathematical problems to validate transactions.

Payment Gateway

A service that authorizes and processes payments for online and physical transactions.

Pay-By-Link

A payment solution allowing businesses to send links for instant transactions, often used in cryptocurrency and gold purchases.

Providing and Renewing Bullionz Card

Bullionz provides the customer with a payment card linked to the customer’s account, enabling the customer to withdraw and pay funds attached to their account, locally, abroad, and online. The amount of each transaction made using the card is taken directly and in full from the customer’s account.

Principal

The original sum of money borrowed or invested, excluding interest.

Private Financial Services

Personalized financial services offered to high-net-worth individuals.

Peer-to-Peer (P2P) Lending

A financial model where individuals lend money to others through an online platform without traditional financial institutions.

Quick Ratio

A financial metric that measures a company's ability to meet short-term liabilities using its most liquid assets.

Qualified Dividend

A dividend taxed at a lower capital gains tax rate rather than as ordinary income.

Requesting Statements

The customer requests Bullionz provides financial statements, above and beyond what they are required to provide by law.

Remittance

The transfer of funds from one location to another, often internationally, typically for familial support or business purposes.

Recurring Buy

A feature that allows users to automate regular purchases of gold or cryptocurrencies, promoting disciplined investment.

Replacing A Card

A customer requests a replacement of a card that was lost, stolen, or damaged.

Reserve Currency

A currency held in significant quantities by governments and institutions as part of their foreign exchange reserves, such as the US Dollar or gold.

Rug Pull

A fraudulent event where developers abandon a cryptocurrency project and take investors' funds.

Ripple (XRP)

A digital payment protocol and cryptocurrency focused on fast and cost-efficient cross-border transactions.

Repo Rate (Repurchase Rate)

The interest rate at which central financial institutions lend money to commercial institutions.

Risk Assessment

The evaluation of financial risks associated with a particular investment or decision.

SEPA Transfer (Single Euro Payments Area)

A European Union initiative that simplifies Euro-denominated payments across participating countries.

SWIFT Transfer (Society for Worldwide Interbank Financial Telecommunication)

A global messaging system that facilitates secure international financial transactions.

Smart Contract

Self-executing contracts with predefined rules written into code, operating on blockchain platforms.

Spot Price

The current market price of gold or a cryptocurrency for immediate delivery.

Stablecoin

A cryptocurrency designed to maintain a stable value, often pegged to fiat currencies or commodities like gold.

Standing Order

Based on the instructions from a customer, Bullionz makes regular exchanges, payments, or transfers for a fixed amount of money from the customer’s account to another account.

Solana (SOL)

A high-performance blockchain platform known for its scalability and low transaction fees.

SSL (Secure Sockets Layer)

A security protocol that encrypts data between a web server and a browser, protecting sensitive information.

Stop Loss

An order placed to sell an asset when it reaches a specific price, limiting potential losses.

Savings Account

A financial account that earns interest on deposits and has limited withdrawal options.

Securities

Financial instruments such as stocks, bonds, and derivatives that hold monetary value.

Token

A digital asset issued on a blockchain, representing utility, assets, or rights within a particular ecosystem.

Transfers

The movement of funds between accounts, either within the same institution or across different platforms.

Transaction Fee

A charge paid to process a transaction on a blockchain network or trading platform.

Trust Wallet

A secure, decentralized wallet for storing cryptocurrencies, tokens, and digital assets.

Tether (USDT)

A popular stablecoin pegged to the value of the US Dollar.

Two-Factor Authentication (2FA)

An additional layer of security requiring two forms of verification to access an account or complete a transaction.

Time Deposit

A financial deposit that cannot be withdrawn before a specified maturity date, such as a Certificate of Deposit (CD).

Treasury Bonds (T-Bonds)

Long-term government-issued debt securities with fixed interest rates.

Underwriting

The process by which financial institutions assess risk before approving a loan or investment.

Unsecured Loan

A loan issued without collateral, relying solely on a borrower’s creditworthiness.

Volatility

The degree of variation in the price of an asset, such as gold or cryptocurrencies, over time.

Virtual Card

A digital card linked to a user's account for online transactions, often supporting cryptocurrencies or gold-backed balances.

Vault Storage

Secure facilities for storing physical gold and other precious metals, often insured against loss or theft.

Variable Interest Rate

An interest rate that fluctuates based on market conditions.

Venture Capital

Funding provided to startups and small businesses with high growth potential.

Wallet

A digital or physical tool used to store and manage cryptocurrencies or tokenized assets like digital gold.

Withdrawal

The process of taking funds out of an account, either in fiat or cryptocurrency.

Withdrawal Fee

A charge applied when transferring funds or assets out of a platform, such as moving cryptocurrencies to a personal wallet.

Whitepaper

A document that outlines the purpose, technology, and roadmap of a cryptocurrency or blockchain project.

Whitelisting

The process of pre-approving specific wallet addresses or IPs for added security in transactions.

Wire Transfer

An electronic transfer of funds between financial institutions, often for international payments.

Working Capital

A financial metric indicating a company’s short-term liquidity and operational efficiency.

XRP Ledger

A decentralized blockchain powering the Ripple payment network and its native cryptocurrency, XRP.

X-Efficiency

A concept in economics that describes how well a firm minimizes costs given its resources.

Exchange-Traded Fund (ETF)

A type of investment fund that trades on stock exchanges like a regular stock.

Yielding

The practice of staking or lending cryptocurrencies to earn rewards or interest.

Yield Farming

A method of earning rewards by staking or lending cryptocurrency in decentralized (DeFi) protocols.

Yearn Finance (YFI)

A DeFi protocol and cryptocurrency that automates yield optimization.

Zero-Knowledge Proof

A cryptographic method that allows one party to prove they know a value without revealing the value itself.

Zcash (ZEC)

A cryptocurrency focused on privacy and selective transparency of transactions.