# Key Terms

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\ <mark style="color:yellow;">**Admin:**</mark> The members who are responsible for the shared wallet

<mark style="color:yellow;">**Co-Ownership:**</mark> When two or more individuals share ownership of an asset on Lore.

<mark style="color:yellow;">**Contribution:**</mark> Users who have contributed to a shared wallet

<mark style="color:yellow;">**Delegate:**</mark> The member who is authorized to represent a group

<mark style="color:yellow;">**Delegation:**</mark> The act of delegating NFTs/Tokens/Entire Shared Wallet

<mark style="color:yellow;">**Distribution:**</mark> The collective issuing rewards to members based on their equity

<mark style="color:yellow;">**Equity:**</mark> The ownership % of a shared wallet.

<mark style="color:yellow;">**Equity Event:**</mark> Any event/proposal that will affect equity: funding rounds, exits, disitributions

<mark style="color:yellow;">**Equity Management:**</mark> The process of creating and managing ownership on Lore

<mark style="color:yellow;">**Exit:**</mark> The Group completely paying out the members equity
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{% tab title="F - L" %} <mark style="color:yellow;">**Gas Credits:**</mark> Credits issued by the Lore team for gas-less transactions

<mark style="color:yellow;">**Group:**</mark> (2) or more users in a group

<mark style="color:yellow;">**Group Deposit:**</mark> A stage at which Group is raising capital.

<mark style="color:yellow;">**Group Management:**</mark> The management of the Group

<mark style="color:yellow;">**Group Vault Valuation:**</mark> The group's shared wallet total wealth

<mark style="color:yellow;">**Group Wallet Platform:**</mark> Refers to Lore

<mark style="color:yellow;">**Inbox:**</mark> An onchain folder in which transactions received by individuals outside of a funding round are collected

<mark style="color:yellow;">**Initiative:**</mark> A Group interest in an assignment/initiative

<mark style="color:yellow;">**Lore:**</mark> The Co-Ownership Platform

<mark style="color:yellow;">**Lore Framework:**</mark> Refers to the Lore framework and core concept

<mark style="color:yellow;">**Lore Vault:**</mark> A multi-sig wallet built on top of Safe
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{% tab title="M - Z" %} <mark style="color:yellow;">**Member Equity:**</mark> A individual member’s equity based on contributions

<mark style="color:yellow;">**Members:**</mark> Users who are members of a Group

<mark style="color:yellow;">**NFT Valuation:**</mark> The manual valuation of the Group’s NFTs

<mark style="color:yellow;">**Onchain:**</mark> An initiative/proposal that is stored on a blockchain

<mark style="color:yellow;">**Payout:**</mark> The Group completely paying out the member's equity

<mark style="color:yellow;">**Proposals:**</mark> Refers to a suggestion made by a member of the Group

<mark style="color:yellow;">**Refund:**</mark> A contribution being sent back to the sender

<mark style="color:yellow;">**Relayer Transactions:**</mark> Transactions that are paid for using the gas relayer

<mark style="color:yellow;">**Safe:**</mark> The multi-sig wallet Lore is built on

<mark style="color:yellow;">**Shared Wallet:**</mark> The Lore Wallet

<mark style="color:yellow;">**Signer Count:**</mark> The required number of signatures to complete a proposal

<mark style="color:yellow;">**Vault:**</mark> A Lore Wallet

<mark style="color:yellow;">**Vault Valuation:**</mark> The shared wallet's valuation
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