Glossary Terms Starting with I

Invoice Due Time

Invoice due time is the contractual timestamp by which the customer is expected to satisfy the invoice obligation. The merchant may set…

Invoice Engine

An invoice engine is the software component that calculates, creates, versions, issues, and manages invoice records and their lifecycle. It can combine…

Invoice Exchange Rate

Invoice exchange rate is the rate used to convert an invoice denomination into another currency or cryptoasset for payment, display, settlement, or…

Invoice Expiration

Invoice expiration is the rule or event that ends the validity of an invoice’s payment instructions, quote, session, discount, or acceptance window.…

Invoice Expired Time

Invoice expired time is the timestamp at which an invoice or its payment session stopped accepting payments under the original instructions. The…

Invoice Fee

Invoice fee is a charge associated with creating, processing, paying, converting, settling, or managing an invoice. It can be fixed, percentage-based, network-dependent,…

Invoice Fee Payer

Invoice fee payer is the party designated to bear a fee associated with an invoice or its payment. It can be the…

Invoice Fraud

Invoice Fraud is the creation, alteration, substitution, or misuse of an invoice or payment instruction to obtain money, goods, credentials, or sensitive…

Invoice Fulfillment Rule

An invoice fulfillment rule is the business policy that determines when a paid or partially paid invoice is sufficient to release goods,…

Invoice Generation

Invoice generation is the broader automated or manual process that transforms order, contract, usage, customer, tax, and pricing data into an invoice…

Invoice ID

Invoice ID is a unique system identifier assigned to an invoice record for retrieval, API operations, payment mapping, and audit. It can…

Invoice Lifecycle

Invoice lifecycle is the complete sequence of commercial and system states an invoice passes through from draft and issue to payment, closure,…

Invoice Lifetime

Invoice lifetime is the configured duration during which a newly created invoice or payment session remains valid for payment. It is commonly…

Invoice Link

An invoice link is a shareable URL that opens a specific invoice or its payment page. It lets a payer review amount,…

Invoice Memo

Invoice memo is an optional note attached to an invoice to provide context such as an internal reference, customer instruction, service period,…

Invoice Merchant Reference

Invoice merchant reference is a merchant-defined identifier that connects an invoice to an internal business record such as an order, contract, support…

Invoice Metadata

Invoice metadata is structured auxiliary data attached to an invoice for integration, categorization, automation, reporting, or reconciliation. Examples include order IDs, customer…

Invoice Net Amount

Invoice net amount is the amount remaining after the invoice's defined deductions and additions have been applied according to its calculation rules.…

Invoice Network

Invoice network is the blockchain network or payment rail selected or required for paying an invoice. In crypto payments, it determines the…

Invoice Order ID

Invoice order ID is the identifier that links a crypto invoice or payment session to a specific order in the merchant's commerce…

Invoice Overpayment

Invoice overpayment occurs when verified value attributed to an invoice exceeds the amount required under its quote, precision, fee, and aggregation rules.…

Invoice Paid Time

Invoice paid time is the authoritative timestamp at which the payment system changed an invoice into its paid or accepted payment state.…

Invoice Pay Currency

Invoice pay currency is the specific currency or cryptocurrency the payer uses to settle an invoice. It can differ from the invoice…

Invoice Payment

Invoice payment is a payment attempt or completed transfer applied to an invoice balance. It can be full, partial, late, duplicated, reversed,…