# Terminology / Glossary
**Term / Acronym****Definition / Meaning**
**Vault**A blockchain-based container that holds tokenized real-world assets, fractionalized tokens (FTs), and governance settings.
**Private Vault**A vault where only the Admin User (AU) can submit assets and control contributions.
**Semi-Private Vault** A vault where only whitelisted addresses can submit assets or contribute.
**Public Vault** A vault open to any user for submitting assets and contributions, as long as asset policy IDs match defined criteria.
**Admin User (AU)** The creator of a vault, responsible for configuring its settings and managing its initial setup.
**Fractional Token (FT)** Tokens representing fractional ownership of assets within a vault.
**Governance Token (GT)** Tokens used for governance actions like staking, proposing, and voting in the platform.
**Asset Window** The time period during which assets can be submitted to a vault.
**Investment Window** The time period during which users can contribute ADA to a vault in exchange for fractional tokens.
**Lock Phase** A governance phase where proposals are locked to prevent counter-proposals or anti-hostile actions.
**Execution Phase** The phase in which the outcomes of governance proposals are executed.
**Cosigning Threshold** The minimum number of co-signers required to approve a governance action before it can be executed.
**Governance Authority Token (GAT)** Tokens issued to represent authority or rights tied to specific governance proposals.
**Creation Threshold** The minimum percentage of the total FT supply that a user must stake to create a proposal.
**Start Threshold** The minimum percentage of the total FT supply required to initiate the voting phase for a proposal.
**Vote Threshold** The minimum percentage of the total staked FT supply needed for a vote to be considered valid.
**Execution Threshold** The minimum percentage of the total staked FT supply needed to approve the execution of a proposal.
**Liquidation Price (LP)** The percentage of the floor price or market price at which assets in a vault can be liquidated.
**LBE (Liquidity-Based Event)** A valuation type where asset contributions determine the value of fractional tokens (FTs).
**NFT (Non-Fungible Token)** A unique digital asset tokenized on the blockchain, often representing real-world assets or digital collectibles.
**CNT (Cardano Native Token)** A native token built on the Cardano blockchain, which can represent assets or serve utility purposes in a vault.
**Agora Protocol** The governance protocol used for managing proposals, voting, and executing decisions within the platform.
**Anti-Hostile Intervention** Actions taken to counter malicious or disruptive proposals during the governance process.
**Policy ID** A unique identifier for Cardano assets, used to verify and whitelist NFTs or CNTs for specific vaults.
**Asset Valuation** The calculated value of assets in a vault based on their floor price, DEX price, or market price at the end of the Asset Window.
**RAT (Reusable Action Template)** Pre-written scripts used to configure and automate governance effects.
**Fixed Valuation** A static asset valuation type where a fixed ADA amount is used for investment.
**Fractionalization** The process of dividing an asset into smaller fractions, represented by tokens, to allow shared ownership or investment.