Glossary Terms Starting with I

Interchain Account

An interchain account is an account on one blockchain that another blockchain controls programmatically by sending authenticated cross-chain instructions. The host account…

Interchain Transaction

An interchain transaction is a coordinated operation whose intent, data, or assets cross between independent blockchains through an interoperability protocol. It is…

Interest Payment

An interest payment is a scheduled or accrued transfer made to compensate a lender or investor for the use of principal. For…

Interest-Bearing Token

An interest-bearing token is a token whose balance or redemption value grows according to interest, lending revenue, staking rewards, reserve yield, or…

Intermediate Payment State

An intermediate payment state is a non-final lifecycle condition showing that a payment has progressed beyond creation but has not yet reached…

Internal Audit

Internal audit is an independent and objective assurance and advisory function that evaluates whether governance, risk management, and internal controls are designed…

Internal Payment

An internal payment is a payment completed within one provider, platform, corporate group, or closed ledger without sending the primary transfer through…

Internal Payout

An internal payout credits a recipient account or balance within the same platform or provider that holds the sender's funds. It can…

Internal Settlement

Internal settlement discharges an obligation by updating balances within one institution, platform, or ledger rather than transferring the settlement asset through an…

International Bank Account Number (IBAN)

An International Bank Account Number is a standardized account identifier used to support cross-border and domestic payment processing in participating countries. It…

International Checkout

International Checkout is a checkout designed to support customers purchasing across national borders. In merchant checkout and e-commerce operations, it commonly covers…

International Crypto Payment

An international crypto payment is a cryptocurrency or stablecoin transfer between parties operating in different countries or jurisdictions. Blockchain settlement can reduce…

International Freelancer Payment

International Freelancer Payment is a cross-border crypto or stablecoin payment made to an independent contractor in another country. It is a remittance…

International Merchant

International Merchant is a merchant that sells to, serves, or accepts payment from customers in more than one country. In merchant account…

Interoperability

Interoperability is the ability of payment systems, financial institutions, ledgers, APIs, and operational tools to exchange information and process transactions with consistent…

Intra-Wallet Transfer

An intra-wallet transfer reallocates value between accounts, subaccounts, portfolios, or balances inside the same wallet or provider environment. Reliable use of Intra-Wallet…

Intraday Liquidity

Intraday Liquidity is funds and funding capacity available during a business or settlement day to meet time-specific payment, clearing, collateral, and settlement…

Intraday Reconciliation

Intraday reconciliation compares payment and financial records repeatedly during the operating day instead of waiting for the daily close. Intraday reconciliation improves…

Invalid State Transition

An invalid state transition is an attempted change from one transaction, payment, dispute, refund, or accounting state to another that is not…

Invalid Transaction

An invalid transaction is a payment, transfer, or ledger instruction that fails required structural, authorization, security, balance, account, asset, network, business, or…

Invalid-Address Payment

Invalid-Address Payment is a payment attempt directed to an address that fails format, checksum, network, token, memo, ownership, or policy validation. Some…

Invisible Wallet

An invisible wallet is wallet infrastructure hidden behind an application's normal account experience so users transact without interacting with a separate wallet…

Invoice

Invoice is a commercial document or structured electronic record requesting payment for specified goods, services, fees, or usage. In accounts receivable and…

Invoice Acceptance Rule

An invoice acceptance rule is the set of conditions a payment system applies before treating an observed blockchain transfer as a valid…