Gas Fees – Definition & Detailed Explanation – Blockchain and Cryptocurrencies Glossary

What are Gas Fees in the context of blockchain and cryptocurrencies? Gas fees are a crucial component of blockchain transactions, particularly in the world of cryptocurrencies. In simple terms, gas fees are the costs associated with making transactions on a blockchain network. These fees are paid by users to compensate the network for the computational … Read more

Active Management – Definition & Detailed Explanation – Investment and Wealth Management Glossary

What is Active Management? Active management refers to a style of investment management where a portfolio manager or team of managers actively make decisions about which securities to buy, hold, and sell within a portfolio. The goal of active management is to outperform a specific benchmark or index by using various strategies, research, and analysis … Read more

Cyber Insurance – Definition & Detailed Explanation – InsurTech Glossarry

What is Cyber Insurance? Cyber insurance, also known as cyber risk insurance or cyber liability insurance, is a type of insurance policy designed to protect businesses from potential financial losses associated with cyber-related incidents. These incidents can include data breaches, cyberattacks, ransomware, and other forms of cybercrime. Cyber insurance policies typically cover expenses related to … Read more

Compliance Risk Assessment – Definition & Detailed Explanation – RegTech Glossary

What is Compliance Risk Assessment? Compliance Risk Assessment is the process of evaluating an organization’s adherence to laws, regulations, policies, and procedures that are relevant to its operations. It involves identifying potential risks and vulnerabilities that could lead to non-compliance and assessing the likelihood and impact of those risks. Compliance Risk Assessment helps organizations understand … Read more

Sustainable Forestry – Definition & Detailed Explanation – Green and Sustainable Finance Glossary

What is Sustainable Forestry? Sustainable forestry is a management approach that aims to meet the needs of the present without compromising the ability of future generations to meet their own needs. It involves the responsible stewardship of forests to ensure that they are managed in a way that maintains their ecological integrity, social benefits, and … Read more

Mobile Trading Platforms – Definition & Detailed Explanation – Digital Banking Glossary

What are mobile trading platforms? Mobile trading platforms are applications that allow users to trade financial instruments such as stocks, bonds, commodities, and currencies using their mobile devices. These platforms provide users with real-time market data, news, analysis tools, and the ability to execute trades from anywhere at any time. Mobile trading platforms have become … Read more

Will – Definition & Detailed Explanation – Investment and Wealth Management Glossary

What is a will? A will, also known as a last will and testament, is a legal document that outlines a person’s wishes regarding the distribution of their assets and the care of their minor children after their death. It allows individuals to specify who will inherit their property, who will be responsible for carrying … Read more

Smart Card – Definition & Detailed Explanation – Payment Systems Glossary

What is a Smart Card? A smart card is a pocket-sized plastic card embedded with a microchip that stores and processes data. These cards are used for various applications, including identification, authentication, and payment transactions. Smart cards are designed to securely store information and perform tasks that require security and privacy. How do Smart Cards … Read more