Offshore account

A bank account that is registered in a country other than the one in which the owner was born is called an offshore account.

DeFi

a movement promoting substitutes for conventional, centralized financial services.

Altcoin

Altcoin is the term given to describe alternative digital assets, such as a coin or token that is not Bitcoin. This nomenclature comes from the idea that Bitcoin is the original cryptocurrency and that all others are then considered “alternate” or “alternative” coins.

Absolute Advantage

An economic theory in which one party produces or provides a particular good or service more efficiently than another party.