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Know the terms

Plain definitions of the words that keep turning up in the coverage.

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Editorial

An unsigned piece stating the publication's own institutional position, distinct from both news reporting and outside opinion.

Interest rate

The price of borrowing money. When a central bank moves its policy rate, mortgages, business loans and savings…

Custody

Who actually holds the keys. Self-custody means you do; a custodian means a regulated firm does, which shifts…

DeFi

Decentralised finance: lending, trading and derivatives run by smart contracts rather than by a bank or broker. Users…

Leverage

Using borrowed money to increase exposure. It multiplies gains and losses equally, and forced selling by leveraged holders…

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