OpenForex glossary
Working definitions for reading the OpenForex literature and technical documentation.
Publication status
Published by the OpenForex Society, the standard-setting core of the OpenForex Foundation, as part of its established standards service to the open standards community.
Version
0.2.0
Last Updated
2026-09-24
Core concepts
| Term | Meaning in this wiki |
|---|---|
| OpenForex | The shared standards and knowledge ecosystem described by this project |
| Foundation | The institutional stewardship body with the OpenForex Society at its core |
| Society | The standard-setting core of the OpenForex Foundation and authority for OpenForex Standards |
| TVX | Third Value: the neutrality principle and common-reference relationship |
| QASH | Quantification of Asset Settlement & Holding; the unit described in the literature |
| Neutrality | A design objective concerning reference methodology and governance, not a result proved by naming a unit |
| Reference unit | A common unit used to express otherwise different forms of value |
| Unit of account | A unit in which amounts, prices, or obligations are expressed |
Technical terms
| Term | Meaning in this wiki |
|---|---|
| OFS | OpenForex Stack: the technical separation of responsibilities |
| Kernel | The deterministic computation boundary |
| Oracle | The boundary through which external observations enter a calculation |
| Snapshot | A retained set of observations and metadata for one identified context |
| Quote direction | The relationship between a quoted numerator and denominator unit |
| Determinism | Identical defined inputs and policy produce identical outcomes |
| Precision | The numeric capacity used during representation and computation |
| Rounding | A declared rule for reducing a numeric result to an output scale |
| Provenance | Information connecting an observation or artifact to its origin |
| Replay | Re-execution using preserved inputs and the same method configuration |
Publication and operational terms
| Term | Meaning in this wiki |
|---|---|
| Draft | Proposed material that may change and is not ratified |
| Ratification | An authorized, recorded acceptance of a specified revision |
| Conformance | Behavior checked against explicit requirements and identified evidence |
| RFC | Request for comments on a structured proposal |
| Valuation | Determination of a reference value under a stated methodology |
| Conversion estimate | A calculated relationship that may not be executable |
| Settlement | Fulfilment of an obligation under a defined operating framework |
| Reserve | The supporting asset layer of the QASH Monetary System |
When a technical specification defines a term more narrowly, cite its exact version. Suggest ambiguous or missing terms through the contribution guide. Read (?page=seed-content/qash/overview) and the kernel reference for context.
Sources & citation
- Material type
- Project reference
- Publisher
- OpenForex Society
- Source version
- 0.2.0
- Source-stated update
OpenForex Society. “OpenForex glossary.” Version 0.2.0. https://openforex.io/?page=seed-content%2Freference%2Fglossary. Include your access date when citing.
Download the exact published MarkdownText fingerprint (SHA-256)
260c065fcb9dd8ba86f6338f9782347a42a8d0a32ec4c0be02c40a1004630e56This identifies the downloadable text, not an independent approval or a permanent archived edition.
Referenced material (3)
- contribution guideProject reference
- QASHProject reference
- kernel referenceProject reference
Standards, implementation references and worked calculations identify their sources and publication status. Read our sourcing and corrections policy.