| Buy-in | Using collateral to purchase a borrowed RWA and return it to the inventory source. |
| Carry Health | Stress test used to determine whether a position can remain open through a closed or impaired market period. |
| Collateral factor | Percentage of collateral value recognized for borrowing capacity. |
| Inventory vault | Pool of actual RWA tokens available to borrowers. |
| Liquidation | Selling collateral to repay cash debt after a position becomes unsafe. |
| Maintenance margin | Minimum risk buffer required to keep a position open. |
| Market state | Protocol classification such as Active, Restricted, Closed or Recovery. |
| RWA | A tokenized real-world asset eligible under a market's asset registry and risk rules. |
| RFQ | Request for quote: counterparties return executable prices for a specified size. |
| Utilization | Share of supplied liquidity or inventory currently borrowed. |