# Terminology

**Market** - an on-chain fund or syndicated loan in which specific parameters can be set (currency, fees, etc) and where deals go live (e.g. the FinTech Market)

**Asset Manager** - the entity that governs a market and its stakeholders (investors + borrowers)

**Liquidity Provider** - accredited investors that provide capital into the liquidity pool

**Underwriter** - accredited investors that evaluate and invest in tranches of specific deals

**Borrower** - FinTech's, Non-bank loan originators, or other corporates who get credit facilities via one of the Markets

**Deal** - single credit facility with specific tranches & repayment schedules configurations

**Liquidity pool** - a pool of capital that automatically invests in the senior tranche of all deals within a market

**Tranche Token** - A token representing the underwriter's stake in the junior/mezzanine tranche of a specific deal

**LP Token** - token provided to liquidity providers reflecting the net asset value of the liquidity pool of a specific market