| Term | Meaning |
|---|---|
| Agreement message | The text the investor’s wallet signs, verbatim, to link the wallet. Their agreement to the Securitize wallet terms |
| Base units | A token amount as a raw integer: the amount times 10^decimals. USDC has 6 decimals |
| Buy contract address | The address in the path of a buy (on-ramp). Each stock also has a sell contract address |
| CET | Convertible Entitlement Token: an entitlement to one underlying US-listed share, held at a clearing firm, convertible into the share |
| Delayed price | Market data delayed 15 minutes, for screens not tied to one eligible investor. Shown labelled as delayed |
| Fill or kill | An order executes in full at the priced level or better, or not at all |
| IST | Issuer Sponsored Token: the issuer-sponsored form of a tokenized share |
investorId | Securitize’s id for an investor, returned by the SecId API’s create. Every investor call takes it |
| Linked wallet | The investor’s wallet on a chain, linked with their signature. Every order on that chain is built for it |
minOutputAmount | The least the investor accepts from an order, in base units. Below it, the trade reverts on chain |
| Off-ramp | A sell: stock tokens for USDC |
| On-ramp | A buy: USDC for stock tokens |
| Real-time price | The price an investor trades against, entitled and recorded per investor. Carries signedPrice |
| Securitize Markets | The broker-dealer of record: it decides eligibility, prices, executes and reports every trade |
signedPrice | The real-time price in signed form. Passed back on the order; expires in about 20 seconds |
tokenId | Securitize’s id for a stock token, sent when submitting an order |
| Whitelisting | Registering a wallet to receive a token. Here it happens with the first trade in each stock |
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Glossary
The terms these docs use, in one place.