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FinchTrade
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Glossary

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Vaporware

Vaporware refers to software or hardware products that are announced to the public but are never actually released or officially canceled.

Vat Registration Number

A VAT Registration Number is a unique identifier assigned to businesses and entities that are registered for Value Added Tax (VAT) in countries where VAT is applicable. This number is used for tax purposes, allowing businesses to charge VAT on their sales and reclaim VAT on their purchases. It is essential for businesses engaged in trade, as it facilitates compliance with tax regulations and enables smooth transactions within and across borders.

Verification code

A verification code is a unique sequence of characters, often numerical or alphanumeric, used to confirm the identity of a user during authentication processes. It is typically sent to the user's email or mobile device and must be entered correctly to gain access to a secure system, complete a transaction, or verify an account. This added layer of security helps protect against unauthorized access and fraud.

Virtual Terminal

A Virtual Terminal is a web-based application that allows businesses to process credit card payments without the need for a physical card reader. It enables merchants to manually enter payment information into a secure online form, making it ideal for phone, mail, or remote transactions. This tool is particularly useful for businesses that operate in a non-traditional retail environment, offering flexibility and convenience in managing payments.

Vitalik Buterin

Vitalik Buterin is a Russian-Canadian programmer and writer best known as the co-founder of Ethereum, a decentralized platform that enables smart contracts and decentralized applications (DApps) to be built and run without any downtime, fraud, control, or interference from a third party. Born in 1994, Buterin was introduced to Bitcoin at a young age and quickly became involved in the cryptocurrency community. His vision for Ethereum has significantly influenced the blockchain industry, making him one of the most prominent figures in the world of digital currencies and decentralized technologies.

VWAP

VWAP, or Volume Weighted Average Price, is a trading benchmark used by traders and investors to give the average price a security has traded at throughout the day, based on both volume and price. It provides a more accurate reflection of a security's true average price by weighting the price by the volume of trades at each price level. VWAP is commonly used to assess the efficiency of trade executions and to inform trading strategies, helping traders to buy or sell at prices that are in line with the market's average.