Definition
Broker-dealer
A regulated entity licensed to transact securities on behalf of clients. Fairmint is working to add this registration.
From the episode “$1.6 Billion of Equity On-Chain. Here Is Why.”Hear it on the podcast1 episode
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Related terms in Finance & Markets
Backdoor consentGrobler's term for permission harvested through platform terms of service that users accepted without understanding the likeness implications.Bank ReconciliationThe accounting process of matching bank records to internal books — an early target for AI replacement.Big FourThe four largest accounting firms: PwC, EY, Deloitte, KPMG.Billable hourThe legacy law pricing model Logan is trying to retire.CAGRCompound annual growth rate; lithium demand grew roughly 30% annually over the past decade per Jeremy.Cash componentBase salary plus signing bonus plus any guaranteed cash. Equity and discretionary bonus are excluded. This is the number Zero Hiring's 6% is calculated against.Cash reconciliationMatching incoming bank payments to the specific invoices they pay off.Cease and desistA letter demanding someone stop infringing, often used when a competitor copies your work.