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Glossary Politics & World

Executive order

A directive issued by a head of government to the executive branch. It can be reversed by a successor and can be challenged in court, so it is weaker than legislation.

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Training data

The material a model learns from. Its gaps and biases carry through into the model's output,…

Smart contract

Code deployed to a blockchain that executes automatically when its conditions are met. It removes the…

Memecoin

A token whose value rests on attention and community rather than on any product or cash…

Spot ETF

An exchange-traded fund that holds the asset itself rather than futures contracts on it. A spot…

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