Money words, defined
The vocabulary of a company with a bank account, a card, a wallet and a few clients abroad: the rail a payment travels on, the form a contractor signs, the day a month stops moving.
Autopilot terms
Autonomy pilot
An autonomy pilot is a trial in which software prepares one kind of action, a person presses, and every press is counted, so the software acts alone only on a measured record.
Cash sweep
A cash sweep is an automatic transfer between a company's own accounts, made on a rule, to keep one account topped up or to move idle cash where it earns more.
Dunning
Dunning is the process of reminding a customer about an unpaid invoice step by step, from a note before the due date to a final demand.
Payment mandate
A payment mandate is a written authority, signed by a company's owners, that says which payments may go out by themselves, from which accounts and up to what amount, and which must still wait for a person.
Signing rule
A signing rule says how many people, and which ones, must approve a payment before it leaves, usually set by amount: over $2,000, two signatures.
x402
x402 is an open payment standard built on the HTTP 402 Payment Required status code: a server asks for a small payment, usually in a stablecoin, and a client or an AI agent pays it and retries the same request.
16 terms, A to Z
Each term in one sentence
The first sentence of each entry is the definition, quotable on its own; the rest is the example that makes it stick, and where Orla touches it.
- 1099-NEC →
- Form 1099-NEC is the IRS information return on which a US business reports what it paid a contractor or another non-employee for services during a calendar year.
- Accounts payable →
- Accounts payable (AP) is the money a business owes its suppliers for goods and services already received and invoiced but not yet paid: a current liability on the balance sheet.
- ACH vs SWIFT →
- ACH is the US network that moves payments between bank accounts in batches inside the country; SWIFT is the international network banks use to send each other the instructions for a wire.
- Autonomy pilot →autopilot
- An autonomy pilot is a trial in which software prepares one kind of action, a person presses, and every press is counted, so the software acts alone only on a measured record.
- Cash sweep →autopilot
- A cash sweep is an automatic transfer between a company's own accounts, made on a rule, to keep one account topped up or to move idle cash where it earns more.
- Dunning →autopilot
- Dunning is the process of reminding a customer about an unpaid invoice step by step, from a note before the due date to a final demand.
- KYB →
- KYB (Know Your Business) is the due diligence a regulated financial institution runs on a company before serving it: that the business exists, who owns and controls it, and what it does.
- Month-end close →
- A month-end close is the routine a business runs after a month ends to make that month's books complete and reconciled, and then to lock the period so its figures stop changing.
- Net 30 →
- Net 30 is a payment term on an invoice meaning the full amount is due within 30 days of the invoice date, with no discount for paying earlier.
- Off-ramp →
- An off-ramp is a service that converts cryptocurrency into conventional money and delivers it to a bank account or a card; an on-ramp is the same road in the other direction, bank money into crypto.
- Payment mandate →autopilot
- A payment mandate is a written authority, signed by a company's owners, that says which payments may go out by themselves, from which accounts and up to what amount, and which must still wait for a person.
- Signing rule →autopilot
- A signing rule says how many people, and which ones, must approve a payment before it leaves, usually set by amount: over $2,000, two signatures.
- Stablecoin →
- A stablecoin is a cryptocurrency token designed to hold a fixed value against a reference currency, most often one US dollar per token, with the issuer holding reserves and promising to redeem each token at that value.
- Three-way match →
- A three-way match is an accounts payable control that pays a supplier's invoice only once it agrees with the purchase order and the receiving record on quantity, price and terms.
- W-8BEN →
- Form W-8BEN is the IRS form on which a foreign individual certifies to a US payer that they are not a US person and, where a tax treaty applies, claims a reduced rate of withholding.
- x402 →autopilot
- x402 is an open payment standard built on the HTTP 402 Payment Required status code: a server asks for a small payment, usually in a stablecoin, and a client or an AI agent pays it and retries the same request.
Tax entries describe forms and deadlines as the IRS states them and are not tax advice: the person who decides is your accountant.
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