BEP-721
BEP-721 is the BNB Smart Chain form of the unique-token interface used for non-fungible assets with individually identifiable token IDs. Ownership on-chain…
Glossary terms starting with B
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Best Chain
Best chain is the blockchain branch a node selects as the preferred history under the network’s fork-choice rule. In proof-of-work systems, this…
BigCommerce
BigCommerce is a hosted commerce platform used to create and operate online stores, manage catalogs, carts, checkout, orders, customers, and integrations. Merchants…
Bilateral Clearing
Bilateral clearing is the validation, matching, and calculation of payment obligations between two participants. It determines what each party owes the other…
Bilateral Net Settlement
Bilateral net settlement discharges the net amount owed between two parties after offsetting their eligible mutual obligations. Only the resulting net position…
Bilateral Payment Netting
Bilateral Payment Netting is an arrangement in which two counterparties offset mutual payment obligations to produce one net amount payable by one…
Billing
Billing is the process of calculating, documenting, issuing, adjusting, and tracking amounts a customer or account owes for goods, services, usage, or…
Billing Account
A billing account is the customer or organizational record against which charges, invoices, credits, payment methods, tax details, and balances are managed.…
Billing Currency
Billing currency is the currency used to calculate and state a customer’s billed amount. It may match the customer-facing presentment currency, the…
Billing Cycle
A billing cycle is the repeating period used to group billable activity and determine when charges are calculated, invoiced, or collected. It…
Billing Error
A billing error is an incorrect, incomplete, duplicated, delayed, or unauthorized billing result. It can affect price, quantity, tax, discount, usage, currency,…
Billing Interval
A billing interval is the frequency at which a recurring charge or billing event repeats, such as daily, weekly, monthly, quarterly, or…
Billing Operations
Billing operations are the recurring processes that keep billing accurate, timely, collectible, and explainable. They include configuring prices and rules, closing periods,…
Billing Plan
A billing plan is a reusable commercial configuration that defines how and when a product or service is billed. It can specify…
Billing Platform
A billing platform is software that manages pricing, subscriptions or contracts, usage, invoices, credits, payment collection workflows, customer balances, and billing reports.…
Billing Profile
A billing profile is a stored set of billing details or preferences associated with a customer, account, store, or transaction context. It…
Billing Proration
Billing proration is the calculation of a partial charge or credit when a price, quantity, plan, or service period changes before the…
Billing Recovery
Billing recovery is the process of collecting revenue after an expected charge fails or remains unpaid. It can include retries, payment-method updates,…
Billing Rule
A billing rule is a defined condition or calculation instruction that determines whether, when, and how an amount is billed. Rules can…
Billing Schedule
A billing schedule is a planned sequence of dates or milestones on which invoices, charges, credits, or billing changes are expected to…
Billing System
A billing system is the complete arrangement of software, data, integrations, rules, and operational controls used to calculate and manage customer charges.…
BIN Attack
BIN Attack is a fraud or abuse pattern that systematically tests payment card details sharing a bank identification number to discover combinations…
Binary Encoding
Binary encoding is the method used to represent information as ordered bits or bytes according to defined rules. Blockchain protocols use binary…
Biometric Authentication
Biometric authentication verifies identity using measured physical or behavioral characteristics such as fingerprints, faces, voices, or typing patterns. It may be used…