> ## Documentation Index
> Fetch the complete documentation index at: https://docs.venlyfinance.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Glossary

> Definitions for ramp requests, fees, KYC/KYB, on-ramp, off-ramp, and other Fundflow concepts you'll see in the docs and dashboard.

## Platform Terms

### 2FA (Two-Factor Authentication)

Security feature requiring password plus time-based code from authenticator app.

### Account Verification

Process of confirming ownership of bank accounts or wallets.

### Business Approval

KYB verification confirming business legitimacy before full platform access.

### Dashboard

Main overview page showing metrics, account status, and quick actions.

## Transaction Terms

### On-Ramp

Converting fiat currency into cryptocurrency.

### Off-Ramp

Converting cryptocurrency into fiat currency.

### Reference Code

Unique identifier for on-ramp transactions that must be included in bank transfers.

### Transaction ID

Unique identifier for any transaction in the platform.

### Transaction Status

Current state of a ramp request: `AWAITING_APPROVAL`, `AWAITING_FUNDS`, `PROCESSING`, `SUCCEEDED`, `FAILED`, `CANCELLED`, `REJECTED`, `DENIED`, `BLOCKED`.

## Banking Terms

### IBAN

International Bank Account Number - standardized bank account identifier.

### Bank Transfer

Moving money from one bank account to another.

### Beneficiary

The person or business receiving a bank transfer.

## Blockchain & Crypto Terms

### Blockchain

Distributed digital ledger that records cryptocurrency transactions.

### Wallet

Digital account for storing, sending, and receiving cryptocurrency.

### Wallet Address

Unique identifier for a crypto wallet, starting with 0x followed by 40 characters.

### Private Key

Secret code proving wallet ownership. Never share this.

### Seed Phrase

Recovery phrase for a wallet. Never share this.

### Gas Fees

Transaction fees paid to blockchain validators.

### Blockchain Network

The specific blockchain infrastructure (Ethereum, Polygon, etc.).

### Confirmation

Validation of a transaction on the blockchain.

## Cryptocurrency Terms

### Stablecoin

Cryptocurrency pegged to a stable asset to minimize price volatility.

### USDC (USD Coin)

Stablecoin pegged to USD, issued by Circle.

### EURC (Euro Coin)

Stablecoin pegged to EUR.

### ETH (Ethereum)

Native cryptocurrency of the Ethereum blockchain.

### POL (Polygon)

Native cryptocurrency of the Polygon network.

## Compliance Terms

### KYB (Know Your Business)

Verification process to confirm business identity and legitimacy.

### KYC (Know Your Customer)

Identity verification process for individuals.

### AML (Anti-Money Laundering)

Regulations to prevent money laundering.

### Compliance Monitoring

Automated checks on transactions to ensure regulatory compliance.

## Exchange Terms

### Exchange Rate

Ratio at which one currency converts to another.

### Rate Lock

Exchange rate is fixed when transaction is confirmed.

## Status Terms

### Verified

Account passed verification and is ready to use.

### Active

Account is operational and ready for transactions.

### Pending

Awaiting review, confirmation, or processing.

### Failed

Transaction or verification encountered an error.

### In Progress

Process is currently being reviewed.

## Abbreviations

| Abbreviation | Full Term                         |
| ------------ | --------------------------------- |
| 2FA          | Two-Factor Authentication         |
| AML          | Anti-Money Laundering             |
| IBAN         | International Bank Account Number |
| KYB          | Know Your Business                |
| KYC          | Know Your Customer                |
| EUR          | Euro                              |
| USD          | United States Dollar              |
| GBP          | British Pound                     |
| ETH          | Ethereum                          |
| POL          | Polygon                           |

## Support Contacts

* **Contact us**: [venlyfinance.com/contact](https://venlyfinance.com/contact)
* **Platform**: [venlyfinance.com](https://venlyfinance.com)

## Still Have Questions?

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