Settlement and Custody

These words describe handoff, record keeping, and the point where a transfer becomes difficult to reverse.

How to recognize this theme

Terms you see when assets move from one owner to another.

In a daily board, this category groups terms by their shared role. Look for four cards that describe the same mechanism, risk area, or workflow rather than four words that merely sound similar.

Educational context

These entries are vocabulary notes for learning. They are not project endorsements, token recommendations, exchange rankings, or trading signals.

Settlement

Settlement is the completion of a transfer after obligations are exchanged or recorded.

Clearing

Clearing is the process that reconciles instructions before a trade or transfer is finalized.

Finality

Finality is the point at which a blockchain transaction or transfer is treated as irreversible.

Custody

Custody is the safekeeping and control of assets by an owner or a trusted service.