Glossary - Securitize Developers

Term	Meaning
Base units	The smallest unit of an amount: cents for the US dollar, the token’s smallest fraction for a token. Every amount is an integer string in base units, with `decimals`
Deposit	One cash movement on your account, read through `/deposits`, in a `direction`: `deposit` (your cash in), `liquidation` (that cash applied to tokens), `withdraw` or `refund`
Liquidation	The cash movement that applies a deposit to a token issuance, for the same amount. Recorded when the tokens are issued
`decimals`	How many of an amount’s digits are after the decimal point
Envelope	The body of every webhook: `eventType`, `eventId`, `timestamp` and `data`
`eventId`	The id of an event, in the body of its webhook; the deduplication key. Not the `svix-id` header, which is the message id
Holdings	What your account holds of each token, across every wallet and custody arrangement: `totalTokens` in `GET /assets`
Issuance	Tokens minted to you, for a subscription or a reinvested distribution
Payout	The cash of a redemption, from sent (`investor.payout.initiated`) to received (`investor.payout.completed`); also the cash value of a reinvested distribution
Redemption	Tokens you transfer back in exchange for cash, from accepted to paid, identified by its id
Reinvestment	A distribution paid in new tokens instead of cash
Subscription	Cash you deposit in exchange for newly issued tokens
Token	One fund’s token on one chain, identified by `tokenId`
`tokenIssuanceId`	The id of one issuance: on the cash movements behind it, on its issuance transaction, and the `data.id` of its minting webhook. The key that reconciles a subscription
Transaction	One token movement on chain: an issuance to you or a transfer you make, identified by its id and its `txHash`
`txHash`	The hash of a transaction on chain; the key that links a redemption transfer to its redemption and payout
UETR	Unique End-to-end Transaction Reference: the reference a wire transfer carries from bank to bank