> For the complete documentation index, see [llms.txt](https://docs.zebec.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.zebec.io/zebec-application-suite/enterprise-payroll/glossary.md).

# Glossary

| Term                          | Definition                                                                                                                                                                             |
| ----------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| **Accrued pay**               | Pay you have earned but have not withdrawn yet. With streaming payroll, this ticks up by the second. Contrast this to traditional fiat payments that take 1-3 business days to settle. |
| **Block explorer**            | A public website that lets you look up any transaction or wallet address on a chain. Examples: Solscan (Solana), Stellar Expert (Stellar).                                             |
| **Chain**                     | Short for blockchain. The underlying network where stablecoins move (Solana, Stellar, Sui, etc.).                                                                                      |
| **Custodial / non-custodial** | Custodial means someone else holds your crypto for you (like a bank). Non-custodial means you hold it directly. Zebec is non-custodial.                                                |
| **Gas**                       | The network fee paid to process a transaction on a blockchain. On many chains like Solana and Stellar, gas is fractions of a cent.                                                     |
| **KYB / KYC**                 | Know Your Business / Know Your Customer. Compliance checks to verify identity.                                                                                                         |
| **Multi-sig**                 | Multiple signatures required to authorize a transaction. Used for treasury security.                                                                                                   |
| **Seed phrase**               | The 12 or 24 words that back up your wallet. Whoever has the seed phrase controls the wallet. Treat it like "the keys to the kingdom".                                                 |
| **Settlement**                | The moment a payment becomes final on-chain. On Solana this takes \~400 ms; on Stellar \~5 s. Compare to traditional banking, where settlement takes 1–3 business days.                |
| **Settlement token**          | The specific stablecoin used for a payroll workspace (USDC, USDT, EURAU, etc.). The enterprise sets this.                                                                              |
| **Signing wallet**            | The wallet that authorizes payroll runs for an enterprise. Distinct from recipient wallets.                                                                                            |
| **Stablecoin**                | A crypto asset designed to hold a stable value relative to a real-world currency. Examples: USDC = $1 USD. EURAU = €1.                                                                 |
| **Streaming payroll**         | Pay accrues continuously, by the second, rather than in lump sums at cycle close.                                                                                                      |
| **Treasury**                  | The on-chain wallet an enterprise funds to disburse payroll from.                                                                                                                      |
| **Wallet**                    | Software (or hardware) that holds your crypto. Zebec Ent. Payroll supports and expanding list of wallets across chains, like Phantom, Freighter, etc.                                  |
| **Wallet address**            | The public identifier of a wallet, like an account number. You can share it freely; it is like sharing your email address, not your password.                                          |