Glossary

Definitions are contextual and do not override legal agreements. Terms follow KIBOV 2.0 product language (institutional credit-backed RWA).

Term	Meaning
Credit pool	A rules-based program aggregating eligible receivables/cash flows with disclosed economics and servicing.
Hold to maturity	Baseline expectation that underlying credit exposures are held until contractual maturity unless a permitted platform mechanism applies.
Institutional credit-backed RWA	Tokenized or administered exposure to credit assets operated under institutional compliance and disclosure standards.
KYC / KYB	Customer and business verification for AML and eligibility.
NAV	Net asset value—reported pool valuation on a defined basis.
Platform liquidity	Internal liquidity or utility features operating under platform rules—not a public market for underlying claims.
Receivables	Contractual payment obligations forming part of pool assets (eligibility is pool-specific).
Utility token ($KIBO)	Ecosystem token for configured incentives and internal swap/utility—not a deposit or promise of profit.
Waterfall	Priority of payments among fees, obligations, and investors as defined in pool documentation.
Web2.5	Bridging institutional identity/compliance (Web2) with selective on-chain settlement (Web3) without exposing unnecessary PII on-chain.

Regulatory and legal refinement. Legal definitions in executed agreements and prospectus-style documents prevail.