GLOSSARY
REMITTANCES

Remittances

Remittances are simply the act of sending money from one party to another. An example of a remittance is sending money to family members. Other examples are making a payment or settling an invoice.

Key Takeaway

A remittance is any form of payment transferred to another party — from sending money to family members, making a payment, or settling an invoice.

Related Words

Liquidation Call

A liquidation call is the process where a trading platform forcibly closes a trader's position because the margin account balance falls below the required maintenance margin.

Price Discovery

Price discovery is the process by which the market determines the price of a specific cryptocurrency, which is driven by various factors like supply and demand, market sentiment, news, and macroeconomic indicators.

Retail Investors

Retail investors are individual, non-professional investors who buy and sell cryptocurrencies using their personal funds.

Exit Strategy

Crucial for managing risk and securing profits, an exit strategy is a plan for selling or liquidating a position in a cryptocurrency to achieve the best possible financial outcome.

Sound Wallet

A sound wallet in cryptocurrency is a novel way of storing private keys using sound or audio.

Mint

‘Minting’ is the process where non-fungible tokens (NFTs) or new coins/tokens are generally generated on Proof of Stake (PoS) blockchains.

Multi-Signature Wallet

A multi-signature (multisig) wallet is a type of digital wallet that requires multiple private keys to authorise a transaction.

Margin Call

A margin call occurs when the value of a trader's margin account falls below the required maintenance margin level set by the exchange or trading platform.

Ascending Wedge

An ascending wedge is a bearish chart pattern characterised by two converging trendlines that slope upwards.

Descending Wedge

A descending wedge is a bullish chart pattern that indicates a potential price reversal or continuation.