> ## Documentation Index
> Fetch the complete documentation index at: https://help.universalmint.io/llms.txt
> Use this file to discover all available pages before exploring further.

# Glossary

> The terms you'll see in Universal Mint.

> **Approval group**
>
> A set of people, or other approval groups, who approve an action together. Each group has a threshold such as **2 of 3 required**. See [Approval groups](/issuers/approval-groups).

> **Asset-backed token**
>
> A token whose supply is backed by an asset held by a custodian, such as silver bars in a vault.

> **Attestation**
>
> A statement, usually from a custodian, confirming the reserve that backs a token. Attestations older than 90 days are treated as stale.

> **Burn**
>
> Removing tokens from circulation when they're redeemed.

> **Custodian**
>
> The party that holds the asset backing a token.

> **Delegation**
>
> Permission for a person or approval group to act for your organization on specific actions.

> **Denylist**
>
> The platform's list of participants and wallet addresses blocked from onboarding and new requests.

> **Disclosure**
>
> A public notice from an issuer: an attestation, an asset lifecycle event, an incident, or a policy change.

> **Investor**
>
> A person or organization that requests, holds, or redeems tokens.

> **Issuance**
>
> A request to mint new tokens to an investor's wallet. Also called a mint request.

> **Issuer**
>
> An organization approved to list tokens on Universal Mint.

> **KYB**
>
> Know your business: verification of an organization's legal and ownership details.

> **KYC**
>
> Know your customer: verification of a person's identity.

> **Listing**
>
> An issuer's request to offer a token on the platform. Approving a listing creates the token.

> **Mint**
>
> Creating new tokens, backed by assets held in custody.

> **Passkey**
>
> A sign-in credential stored on your device and unlocked with Touch ID, Windows Hello, or a security key.

> **Platform halt**
>
> An emergency control that pauses all new requests across the platform. Balances and data are unchanged.

> **Proposal**
>
> An action waiting for approval from an approval group. Its details are fixed when it opens.

> **Recovery phrase**
>
> A list of 12 or 24 words that lets you recover your account if you lose your passkey.

> **Redemption**
>
> A request to return tokens for the underlying asset. Also called a burn request.

> **Reserve**
>
> The assets a custodian holds to back a token's supply.

> **Slug**
>
> An organization's or approval group's short name, used in links and invitations.

> **Workspace**
>
> The view you're working in: your personal account or one of your organizations. Switch between them from the workspace menu.


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