> For the complete documentation index, see [llms.txt](https://docs.reachaltitude.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.reachaltitude.xyz/glossary.md).

# Glossary

**Available balance** — Funds not currently reserved for orders or margin.

**Bonding** — Launchpad stage in which a token is progressing through a bonding curve before full liquidity migration.

**Bonded** — Token that completed the bonding phase according to its launchpad.

**Cost basis** — Value used to measure profit or loss relative to acquired assets.

**Gas** — Blockchain execution fee.

**Holder concentration** — Share of supply controlled by the largest wallets.

**Limit order** — Order that executes only at the specified price or better, subject to venue rules and liquidity.

**Liquidity** — Assets available for trading in a pool or order book.

**Liquidation price** — Estimated price at which a leveraged position can be forcibly reduced or closed.

**Market cap** — Token price multiplied by the relevant supply measure; methodology can vary.

**Market order** — Order intended to execute immediately against available liquidity.

**Mark price** — Venue reference price used for unrealized P\&L and liquidation calculations.

**Open interest** — Outstanding notional value of open derivatives positions.

**Price impact** — Estimated movement caused by the order itself.

**Reserved / margin** — Funds committed to orders or positions.

**Slippage** — Difference between expected and executed price.

**TIF / expiry** — Time-in-force or expiration rule for an order.

**Unrealized P\&L** — Estimated gain or loss on a position not yet closed.