> ## Documentation Index > Fetch the complete documentation index at: https://docs.predictamarkets.com/llms.txt > Use this file to discover all available pages before exploring further. # Glossary > Key terms and definitions for Predicta Markets ## Glossary of Terms Key terms and definitions to help you understand Predicta Markets. ## A ### Asset A specific outcome option in a market (e.g., "YES" or "NO"). In multi-outcome markets, each condition is its own asset. ### Available Balance Funds in your account that are ready for trading immediately. Does not include funds held in suspense. ## B ### Binary Market A market with only two possible outcomes: YES or NO. The simplest type of prediction market. ### Buy Order An order to purchase shares in a prediction. You buy shares when you believe an outcome will happen. ## C ### Cancelled Order status indicating the order was cancelled. Funds are returned to your available balance. ### Closed Market status indicating trading has stopped. No new orders are accepted. ### Completed Market status indicating the outcome has been determined. Awaiting payout processing. ## D ### Display Currency The currency used to show your balance on screen (e.g. USD, KES, TZS). Predicta uses PT internally; your display currency is converted from PT based on current exchange rates. See also: *Dual Currency Display*. ### Dual Currency Display The balance display format used throughout the app. Your primary value is shown in your display currency, with a secondary PT value below it. Hovering shows the **USD equivalent** (the real-world base value) and the current rate as `1 USD ≈ X {display currency}`. ## F ### Fill When an order is matched and executed. An order can be partially filled or fully filled. ### Filled Order status indicating the order was completely executed. All shares were matched. ## H ### Holdings Shares you currently own in a market. Your portfolio shows all holdings across all markets. ## L ### Limit Order An order with a specific price limit. Only fills if someone matches your price. May not fill immediately. ### Locked Market status indicating the market is closed and locked for resolution. No trading is allowed. ## M ### Market Order An order that fills immediately at the current market price. Guaranteed to execute if liquidity exists. ### Market Price The current price at which shares are trading. In binary markets, YES price + NO price always equals 100. ### Multi-Outcome Binary Market A market with multiple conditions, each with its own YES/NO options. More complex than a standard binary market. ## O ### Open Order status: the order is placed and waiting to be matched. Can still be cancelled. Also a market status: the market is active and accepting trades. ### Order Book The list of all pending buy and sell orders. Shows what prices people are willing to trade at. ## P ### Partial Order status indicating the order was partially filled. Some shares matched; the rest are still waiting. ### Pending Approval Market status indicating the market is waiting for admin review before opening for trading. ### Portfolio Your collection of all market positions. Shows all markets where you currently have holdings. ### PT (Predicta Tokens) The internal currency used by Predicta. All balances and trades are denominated in PT. Your display currency is converted from PT using live exchange rates. ## R ### Referral Code A unique code assigned to every Predicta account. Share your referral link (`predictamarkets.com/join/{your-code}`) to invite others. When someone registers using your link, the referral is attributed to you. ### Reputation Score A score attached to your account reflecting your trading history and standing on the platform. Starts at 0. ## S ### Sell Order An order to sell shares you already own. You sell shares to lock in profit or exit a position. ### Series Market A market that automatically regenerates on a schedule (hourly, daily, weekly, etc.). Each regeneration creates a new instance with the same parameters. ### Settled Market status indicating all payouts have been processed. The market is fully resolved. ### Share One unit of a prediction. Costs `price ÷ 100` to buy (e.g. price 75 = 75¢ per share) and pays out \$1.00 if the outcome is correct. ### Suspense Balance Funds temporarily reserved for your open orders. These funds cannot be used for new trades or withdrawals until orders fill or are cancelled. ## T ### Trade A completed transaction between a buyer and seller. When an order matches, a trade is executed. ## V ### Volume Total trading activity in a market. Higher volume usually means more liquidity and more accurate prices. ## Y ### YES/NO The two sides of a binary market prediction. YES means you believe the event will happen; NO means you believe it won't. YES price + NO price always equals 100. *** ## Price Terms ### Current Price What one share is worth right now. Updates in real-time as trades execute. ### Entry Price The price you paid when you bought shares. Your average entry price is calculated across all purchases in that market. ## Order Terms ### Order Matching The process of pairing compatible buy and sell orders to execute trades. Orders are matched by price and time priority. ### Order Status The current state of an order: OPEN, PARTIAL, FILLED, or CANCELLED. ### Order Type Whether an order is a BUY (purchasing shares) or SELL (selling shares you own). ## Market Terms ### Market State The current status of a market: PENDING\_APPROVAL, OPEN, CLOSED, LOCKED, COMPLETED, SETTLED, or CANCELLED. ### Market Type The type of market: Binary, Multi-Outcome Binary, or Series. ### Resolution The process of determining the outcome of a market and distributing payouts to winning holders. ## Trading Terms ### Position Your holdings in a specific market. Can include YES shares, NO shares, or both. ### Profit/Loss The gain or loss on a position. Calculated as current value minus what you paid. Unrealised until you sell. ### Payout The amount you receive when a market resolves and you hold winning shares. Winning shares pay out at full value. ## Next Steps Start using these terms in practice. Find answers to common questions.