| Term | Meaning |
|---|---|
| Activation delay | Time a new payee must wait before it can be paid. The owner can remove the payee during it |
| Address poisoning | An attack where someone sends a tiny transfer from an address that looks like one you pay, hoping you copy it from your history |
| Agent | The AI in your team chat that proposes payments, trades, and service payments. It can’t approve or withdraw |
| Allowlist | Your team’s list of approved payees. Pact only pays addresses on it |
| Block explorer | A public website that shows any transaction on a chain, such as Solscan for Solana or Cardanoscan for Cardano |
| Budget | The most that can be paid, traded, or spent on services per day, week, or 30 days |
| Cap | The largest single payment or trade the policy allows |
| Dusting | Sending tiny amounts to many addresses. Often the first step of address poisoning |
| Lookalike | An address that shares the first and last characters of one of your payees but isn’t the same |
| Multisig | A wallet that needs several signatures to send money |
| Non-custodial | Pact never holds your keys. Your team’s wallet controls the treasury |
| Onchain | Stored on the blockchain itself, where anyone can read it and nobody can quietly change it |
| Payee | A person or vendor on your allowlist that Pact can pay |
| Policy | Your team’s rules: caps, budgets, allowed markets, payees, and the agent’s service budget |
| Purse | A small, capped balance the agent pays for services from. It refills only inside your service budget |
| Refusal | A payment the smart contract blocked because it broke your policy. It is recorded onchain with the reason |
| Request key | A key kept on a member’s phone that signs their payment requests |
| Smart contract | The program on the chain that holds your treasury and enforces your policy. On Solana it’s called a program; on Cardano, a validator |
| Testnet | A test version of a chain with no real money, used before mainnet |
| Treasury | Your team’s funds, held in an account the smart contract owns and your wallet controls |
Reference
Glossary
Plain-language meanings of the terms used in Pact.