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Glossary Business & Economy

Venture capital

Money invested in early-stage companies in exchange for equity, on the expectation that most will fail and a few will more than cover the rest.

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Portfolio

The full collection of what an investor holds. Judging any single holding without reference to the…

Semiconductor

The chips that do the computing. A handful of firms dominate design and an even smaller…

Proof of stake

A method of securing a blockchain in which validators lock up coins as collateral instead of…

Ethereum

A blockchain designed to run programs, not just move money. Most stablecoins, DeFi protocols and NFTs…

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