Definition
Online dispute resolution (ODR)
Resolving disputes through digital platforms instead of in person.
From the episode “97% of Lawsuits Never See a Courtroom”Hear it on the podcast1 episode
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Related terms in Finance & Markets
NO FAKES ActNurture Originals, Foster Art, and Keep Entertainment Safe Act. Would create a federal property right in an individual's voice and visual likeness, replacing the current patchwork of state right of publicity laws. Advanced unanimously out of Senate Judiciary on 18 June 2026. Not yet law.NOINet operating income, the bottom-line number Grotto ties its results to.Non-Provisional PatentThe formal patent application that initiates examination at the USPTO and, if approved, results in a granted patent with up to 20 years of exclusivity. Requires formal claims (the legal boundaries of the invention), patent drawings, and a detailed specification. Industry average cost to draft and file with an attorney: $10,000–$15,000. Enters a back-and-forth examination process with a USPTO patent examiner that can include multiple office actions requiring paid attorney responses. SenseIP handles non-provisional drafting, filing, and prosecution (examination responses) for $5,000, inclusive of the entire cycle.O-1 Visa (Extraordinary Ability)A US nonimmigrant visa originally designed for Nobel Prize-level talent, broadened over time to include entrepreneurs, athletes, and others with documented extraordinary achievement in their field. Cy qualified through the Caribou acquisition by Mattel and the Apple iPad Air 2 keynote feature. The irony: being rejected from every graduate job in the UK was the precondition for being eligible — without that rejection, he would never have started the company.OTA (Other Transaction Authority)A contracting mechanism that bypasses the Federal Acquisition Regulation, allowing faster and more flexible procurement — sometimes with turnarounds as short as 30 days. Adoption has accelerated significantly under the current administration's rapid prototyping push.P&L (Profit and Loss Statement)Profit and loss statement. The document CEOfriend's CFO agent reads before it tells you no.Patent pendingQalzy's status on its combined weighing and visual recognition method.PayerIndustry term for health insurance companies. Called payers because they hold the money and the leverage. The asymmetry between what patients tell payers versus what they'd tell a private AI is the trust gap Savva is built to close.