Sequencer Confirmation
A sequencer confirmation is an early status indicating that a layer-two sequencer has accepted and ordered a transaction in its local chain…
Glossary terms starting with S
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Sequencer Node
A sequencer node runs software that accepts transactions, determines their order, and produces candidate blocks or batches for a rollup or chain.…
Sequencer Risk
Sequencer risk is exposure created when an entity or mechanism controls transaction ordering, inclusion, timing, or publication for a blockchain system. A…
Serialized Transaction
A serialized transaction is a transaction converted from structured fields into the exact ordered byte representation defined by a blockchain protocol. Serialization…
Service Crypto Payment
Service Crypto Payment is a crypto payment made in exchange for labor, professional work, digital access, utilities, hosting, consulting, or another non-goods…
Service Incident
A service incident is an unplanned interruption, degradation, error, or control failure that affects delivery or quality of a service. Service Incident…
Session Account
A session account is a temporary or restricted account used to authorize a limited set of actions for a defined period, application,…
Session Security
Session Security is a security mechanism or control discipline that protects an authenticated interaction from hijacking, fixation, replay, unauthorized extension, information leakage,…
Session Token
A session token is a temporary credential used to associate requests with an authenticated user, device, application session, or delegated set of…
Settlement
Settlement is the completion of obligations through the final transfer of funds, assets, or both between the relevant parties or their institutions.…
Settlement Account
A settlement account is an account used to receive, hold, or transfer funds for settling payment or trading obligations. It may be…
Settlement Address
Settlement Address is the bank, account, wallet, or network destination designated to receive settlement funds for a merchant, provider, or internal entity.…
Settlement Agent
A settlement agent is the entity that manages or executes settlement for participants in a payment, securities, or trading arrangement. Its responsibilities…
Settlement Allocation
Settlement allocation assigns a settlement amount, fee, adjustment, or cash movement to the transactions, merchants, accounts, or obligations that produced it. It…
Settlement Asset
A settlement asset is the money, digital asset, or account balance transferred between participants to discharge a payment or settlement obligation under…
Settlement Assurance
Settlement assurance is the set of arrangements that increases confidence that accepted obligations will settle completely and on time. It can include…
Settlement Automation
Settlement automation uses software rules and integrations to calculate, initiate, monitor, record, and reconcile the transfer of funds between parties. Safe Settlement…
Settlement Balance
A settlement balance is the amount available, required, receivable, or payable in a settlement account or settlement process at a defined time.…
Settlement Bank
A settlement bank is a bank through which participants settle payment or market obligations, typically by debiting and crediting accounts held with…
Settlement Calendar
A settlement calendar defines the business days, holidays, cutoffs, processing windows, and value dates used to determine when obligations can settle. It…
Settlement Confirmation
Settlement confirmation is authoritative evidence that a defined settlement obligation has been completed under the relevant system's rules. It should identify the…
Settlement Coordination
Settlement coordination aligns the participants, instructions, assets, accounts, timing, liquidity, and status information needed to complete related settlement obligations. It is especially…
Settlement Cost
Settlement cost is the total expense associated with completing settlement, including network or bank fees, processor charges, liquidity and funding costs, foreign…
Settlement Currency
Settlement currency is the currency in which an obligation is finally discharged and settlement entries are posted. It may differ from the…