I fintech glossary terms

IaaS

Infrastructure as a Service.

IBAN

International Bank Account Number for cross-border transactions.

IDE

Integrated Development Environment.

IFRS

Intl Financial Reporting Standards.

Immutable

Impossible to change over time.

Impermanent Loss

Loss sending when liquidity mining.

Income Statement

Report of financial performance.

Income Tax

Tax on personal earnings.

Incubator

Organization that supports very early-stage startups with workspace, mentoring, and operational guidance over a longer development period.

Index

Measure of market section performance.

Index Fund

Fund tracking market index.

Inflation

A sustained increase in the general price level.

Inheritance

Class deriving from another.

Initial Coin Offering (ICO)

Crowdfunding via crypto.

Initial DEX Offering (IDO)

Token sale on a decentralized exchange.

Initial Exchange Offering (IEO)

Token sale conducted on an exchange.

Insider Trading

Trading on non-public info.

Insolvency

Inability to pay debts.

Instant Payment

Real-time payment processed within seconds.

Insurance Protocol

DeFi protocol offering insurance coverage.

Insurtech

Technology innovations in the insurance industry.

Interchange Fee

Fee paid between banks.

Interest Rate

Cost of borrowing money.

Interoperability

Ability of systems to work together.

Interpretation

Executing code line by line.

Inventory

Goods, raw materials, and inputs a company holds for sale or production and records as a current asset.

Inventory Turnover

Sales / Average Inventory.

Investment Banking

Creating capital for companies.

Invisible Hand

Self-regulating market force.

IoT

Internet of Things.

IP Address

Unique address of a device.

IPFS

InterPlanetary File System; decentralized storage.

IPO

Initial Public Offering - first sale of stock to the public.

IRA

Individual Retirement Account.

ISO 20022

Standard for financial messaging.

ISP

Internet Service Provider.

Issuer

Bank that issues the credit card.