# Glossary of Key Terms

| **Term** | **Meaning** |
|  --- | --- |
| **CT (Cash Transaction)** | Records every cash movement such as deposits, withdrawals, and settlements. |
| **FT (Fund Transaction)** | Records changes in fund unit holdings. |
| **Journey** | Pre-built web flow hosted by Fondo for regulated interactions (e.g., signing agreements). |
| **PEP** | Politically Exposed Person—subject to enhanced due diligence. |
| **Settlement Date** | Date on which cash or units are finally booked and available. |
| **Transfer Agent (TA)** | The fund company's record-keeper that reconciles aggregated distributor orders and calculates daily NAV. |