Glossary
| Term | Definition |
|---|---|
| Account merge | Stellar operation that sends an account's remaining balance to another account and deletes it. Used to close escrow. |
| Base reserve | 0.5 XLM unit used to compute Stellar minimum balances |
| BVN | Bank Verification Number — 11-digit identifier for Nigerian bank customers |
| Completion rate | Completed trades ÷ (completed + cancelled trades) |
| Custodial wallet | A wallet whose secret key is held (encrypted) by Nexlm |
| Escrow account | A Stellar account created per trade to hold the seller's XLM |
| Friendbot | Testnet service that funds new accounts with test XLM |
| Horizon | Stellar's REST API |
| KYC | Know Your Customer identity checks |
| Kobo | 1/100 of a Naira |
| Maker / taker | The user who posted an order / the user who opens a trade on it |
| Master weight | The signing weight of an account's own key; set to 0 on escrow accounts |
| Memo | Short note attached to a Stellar transaction |
| NGN | Nigerian Naira |
| NIN | National Identification Number issued by NIMC |
| Payment window | Time a buyer has to pay after escrow locks (15 minutes by default) |
| Payout account | Bank or wallet account where a seller receives Naira |
| Platform key | Nexlm's escrow co-signer (PLATFORM_SECRET_KEY) |
| Reconciliation | Settling a trade by checking what actually happened on-chain |
| Stroop | 0.0000001 XLM, the smallest unit |
| Subentry | A ledger entry owned by an account (signer, trustline, offer), each adding 0.5 XLM to its reserve |
| Testnet | Stellar's test network; XLM there has no value |
| XLM | Stellar Lumens, the native asset of Stellar |