Plain-English definitions for the terms you'll encounter on your financial journey.
Automated Clearing House is a digital network used to move money between bank accounts in the United States, like when your employer directly deposits your paycheck into your account or you pay a monthly utility bill automatically.
Trading that occurs on electronic networks after the major stock exchanges have officially closed for the day.
A program designed to support the successful development of startup companies through resources like office space, mentorship, and business networking.
The process used by blockchain networks to agree on the validity of transactions and maintain the current state of the ledger.
An Exclusive Provider Organization is a type of health insurance plan where you generally only get coverage if you use doctors, specialists, or hospitals in the plan's network. It is like being in a specific club where the insurance company only pays for your care if you visit the club's approved list of providers, unless it is a true medical emergency.
The global electronic network where banks, brokers, and individuals trade different national currencies.
A change in a blockchain's protocol that results in a split, creating two separate versions of the network with different rules.
The transaction fee paid to network validators to process and validate a transaction on a blockchain network.
The transaction costs paid to network validators or miners to process and confirm transactions on a blockchain network.
The very first block of a blockchain network, serving as the foundation for every block that follows.
A permanent split in a blockchain that occurs when a network undergoes a major protocol change, resulting in two separate paths.
The total computational power being used by a network to process transactions and secure the blockchain.
Health Maintenance Organization is a type of health insurance plan that requires you to use a specific network of doctors and hospitals to get coverage. Think of it like a members-only club where you must use the club's approved service providers to have your costs covered.
Healthcare providers or facilities that have a contract with your specific insurance plan to provide services at a discounted price.
A type of direct bank that operates exclusively online without traditional physical branch networks.
The group of doctors, hospitals, and other healthcare providers that have contracted with an insurance company to provide services at set rates.
A service that provides external, real-world data to a blockchain's smart contracts so they can execute based on events happening outside the network.
A provider who does not have a contract with your health insurer, often leading to higher costs or no coverage for the patient.
A Preferred Provider Organization is a type of health insurance plan that gives you the flexibility to see doctors both in and out of their network. You generally pay less if you stay in their preferred network, but you have the freedom to go outside it if you pay more.
The act of locking up cryptocurrency tokens to help support the security and operation of a blockchain network in exchange for rewards.
An electronic transfer of funds across a network of banks or transfer agencies around the world.