| Complete Set | The mintable / redeemable unit 1 USDC = 1 YES + 1 NO |
| CLOB | Central Limit Order Book |
| Cross Fill | A fill between complementary-direction orders via minting / redeeming a complete set |
| Implied mint / redeem | The protocol automatically minting / burning YES + NO during a cross fill |
| Maker / Taker | Liquidity provider (resting order) / liquidity consumer (taking order) |
| PDA | Program Derived Address (a deterministic account the program can sign for) |
| Lot / Tick | Smallest units of quantity / price |
| Seat | A single trader's fund-state slot inside the order book |
| TraderState | Per-market fund state inside a seat (locked / free) |
| TraderInfo | Global cross-market trader statistics PDA |
| feed_id | Switchboard feedHash — the market's locked oracle source identifier |
| Quote / QuoteVerifier | Oracle signed quote / its on-chain verifier |
| Crossbar | Switchboard's feed metadata & simulation service |
| Security Deposit | The creator's ≥600 USDC stake, accountable for result quality |
| Dispute Stake | The disputer's equal stake |
| Cooling | Waiting windows between state transitions, leaving room for challenges / review |
| Final Cooling | The last cooling period after a vote result, during which DAO review can be requested |
| M-of-N | DAO approval threshold: M approvals out of N members |
| Keeper | A bot that permissionlessly submits results and advances the state machine |
| IOC / FOK / PostOnly | Immediate-or-cancel / fill-or-kill / post-only order types |
| ATA | Associated Token Account |