66 terms used throughout this site, from Archetype to Yin/Yang.
- Alternative Currency
- A type of money used instead of an official, national money. Contrast with Complementary Currency.
- Archetype
- A recurrent image that patterns human emotions and behavior, and which can be observed across time and cultures.
- Artisanal
- Created by an artist or craftsman outside of an industrial setting.
- Asset Backed
- Having no intrinsic value but given value by connection with something else;
- Beneficial Shares
- Fractions of ownership by a beneficiary
- Bill of Exchange
- A document guaranteeing the payment of a specific amount of money, either on demand, or at a set time with the payer named on the bill.
- Bitcoin
- An open source cryptographic protocol that operates on a peer-to-peer network and creates and transfers eponymous units of currency.
- bitcoin
- A unit of a digital cryptocurrency which is transferred via the Bitcoin system
- Bitcoin 2.0
- The system to attach information and attributes to Bitcoin currency units and to transmit non-financial information securely on the Bitcoin system.
- Blockchain
- The series of blocks of validated information forming the distributed ledger of the Bitcoin system.
- Bracteaten
- Thin, wafer-like coins used as money in the High Middle Ages. They were easily damaged and frequently collected and reissued. See The Soul of Money.
- BVK
- Bougainville Kina, the official money of the island of Bougainville in Papua New Guinea
- Certificate of Beneficial Interest
- Certifies standing as a beneficiary of a trust and having a claim on its assets
- Certificate of Financial Interest
- Certifies standing as having standing and a claim on the finances of a trust
- Colored Coins
- Assignment of different types or characteristics to currency units
- Community
- A group of people with a common interest living in a particular area
- Complementary Currency
- A type of money which works with the national money to provide needed benefits which would otherwise be lacking
- Commodities
- Something of value commonly bought and sold in quantities.
- Conditional Transfers
- Transfer of funds depends on meeting certain requirements, such as signatures, fulfilling obligations, or performing actions.
- Cooperativa
- A credit union or financial services company in many Latin American countries
- Counter-Cyclical
- Acting contrary to a business cycle, so that when business activity is increasing, this activity decreases, and vice versa.
- Counter-trade
- Trade in which goods or services are paid for, in whole or in part, with other goods or services rather than with national currency.
- Currency
- Money in circulation. A portable version of money or representation thereof. Coins, notes (“bills”), and electronic records are the most common forms.
- Currency System
- A system of circulating and using currency, usually containing physical as well as digital currencies of different amounts, and a system to regulate the currencies.
- Cryptocurrency
- A form of money that uses cryptology to control its creation and management, rather than relying on central authorities
- Decentralized
- Located at several different locations, instead of just one.
- Demurrage
- A charge made to the owner for their use of money. Reverse Interest.
- Digital Currency
- Currency existing entirely as computer records in accounts.
- Disseminated
- Located at several different locations, with no control nodes.
- Dividends
- Money paid to the owners of bonds or shares of a company.
- Divisibility
- Able to be divided into smaller functioning parts.
- Electronic Wallet
- A computer program which keeps track of currency, generally in a secure, encrypted form. Can be located in a computer, smart phone, or in a memory device.
- Escrow
- Money or other assets held in trust by a third party to be turned over to the seller only upon fulfillment of a condition
- Ethereum
- A protocol for creating cryptocurrencies and conditional transactions, with an emphasis on colored coins and whatever different characteristics are desired. http://blog.ethereum.org/
- Exchange
- the act of giving or taking one thing in return for another
- Fiat Currency
- Money which has no intrinsic value, but which is considered to have value because of a pronouncement by an authority
- FRN
- Federal Reserve Notes—the common US “dollar bill”
- Fungible
- Equivalent to all other units of a similar type.
- GGBux
- Printed GGShare notes designed for trade, local and international
- GGCoin
- A cryptocurrency which is traded as part of GGCurrency system, and which is equal in value to a share of GGTrust
- GEO
- The money system initiated by GGTrust, and incorporating shares of GGTrust, currencies exchangeable with those shares, and commodities which back the currencies
- GGShares
- Fractions of the assets of GGTrust, and tradable notes representing those shares
- GGTrust
- Global Genius Trust, an international holding company
- Intellectual Property
- Ideas and written or created materials having commercial value
- Interest
- A time-based fee for borrowing money. Generally a percentage of the money borrowed
- Intrinsic Value
- Having value in and of itself, without needing to be backed by anything else. Such as a gold coin, as compared to a dollar bill backed by gold.
- Investment Shares
- Fractions of the financial assets of GGTrust, obtained by investing money or something of value into GGTrust of one of its companies
- Ledger
- The record of transactions that a bank or company keeps.
- Legal tender
- Officially accepted for the payment of debts and taxes.
- Mining
- The process of using computers to solve complex cryptologic problems in order to validate the ledger of a cryptocurrency. Solving the problems is rewarded by the creation of new currency units for the miner.
- Money
- An agreement by a community to use something as a means of payment.
- Money of Account
- A denominator of value or basis of exchange which is used in keeping accounts and for which there may or may not be an equivalent coin or denomination of paper money
- National Currency
- A nation’s officially sanctioned money
- Ostracon
- A potsherd used as a receipt or as currency by the Egyptians, Greeks and others. See The Soul of Money.
- Passbook
- A small booklet provided by a bank and used as a ledger for a customer to keep track of the amount of money in a bank account
- Real Property
- Real Estate, land, houses, buildings
- Share
- A fraction of the ownership of an enterprise
- Smart Property
- Property whose ownership is controlled via the block chain of Bitcoin or other cryptocurrency, using contracts
- Social Capital
- The amount of benefit to a society and community relationships
- Terra
- A currency designed by Bernard Lietaer for international trade, intended to counterbalance the instability of national currencies.
- TRC
- Trade Reference Currency. A basket of commodities to be used as a standard in trade.
- Treasury Accounts
- Corporate accounts in which unallocated funds are stored
- Unit of Account
- A standard monetary unit of measurement of value/cost of goods, services, or assets.
- Wir
- Swiss complementary currency dating back to the 1930s.
- Yin
- Chinese term for that which is feminine, dark, cold, mysterious, yielding. Opposite of Yang
- Yang
- Chinese term for that which is masculine, strong, bright, hard, hot. Opposite of Yin.