> ## Documentation Index
> Fetch the complete documentation index at: https://developer.nomba.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Definitions

> Learn about some terminologies used in this documentation

<ParamField body="Business">
  An entity engaged in commercial, industrial, or professional activities.
</ParamField>

<ParamField body="Organization">
  A group of people working together toward common goals, often structured in a formal system
</ParamField>

<ParamField body="Account">
  A record of financial transactions and balances associated with a specific entity.
</ParamField>

<ParamField body="Primary or Parent Account">
  The main account that may have subordinate accounts associated with it.
</ParamField>

<ParamField body="Subaccount">
  An account linked to and subordinate to a primary or parent account.
</ParamField>

<ParamField body="Virtual Account">
  An online representation of a traditional bank account, often used for specific purposes like online transactions.
</ParamField>

<ParamField body="Auto Settlement">
  Automatic processing and settlement of financial transactions without manual intervention.
</ParamField>

<ParamField body="Terminal">
  A device used for processing electronic payments, often connected to point-of-sale systems.
</ParamField>

<ParamField body="Webhook">
  A mechanism for real-time communication between systems, triggering events when certain actions occur.
</ParamField>

<ParamField body="Transaction">
  An exchange or interaction, typically referring to a financial activity.
</ParamField>

<ParamField body="Credit/Debit Transaction">
  Financial transactions involving the addition (credit) or subtraction (debit) of funds.
</ParamField>

<ParamField body="IAM (Identity and Access Management)">
  Security framework for managing digital identities and controlling access to resources.
</ParamField>

<ParamField body="Access Token">
  A credential used to access specific resources, often obtained after successful authentication.
</ParamField>

<ParamField body="PED (Pin Entry Device)">
  A device used for securely entering personal identification numbers (PINs) in electronic transactions.
</ParamField>