Glossary

CrediLinq employs significant business and technical jargon that may be challenging to comprehend from a developer's perspective. The API and daily business operations adhere to established documentation protocols. Here we have provided the most frequently utilized business and technical glossary utilized within this API Documentation

Business Glossary

Terminologies	Description
Customer	A buyer or seller on your platform who is looking for capital.
Loan	The buyer or seller borrowed a certain amount of capital to meet current spending, such as marketing, inventory, payroll, etc.
Credit Line	Every buyer or seller on your platform is offered a flexible credit line based on their creditworthiness. We leverage our proprietary credit scoring technology to analyze the buyer's or seller's past transaction history on your platform and calculate their creditworthiness.
Inactive Customer	An inactive customer is one who: - Has not used our services for a year. - Is delinquent. - Has outdated KYB/KYC information.
Monitoring Data	Monitoring data is the buyer's/seller's transaction history and alternative data, such as reviews and ratings on your website or credit bureau reports, which we use to assess their creditworthiness. Monitoring data needs to be updated periodically to keep your account active.
Lien Credit	A legal right to hold the requested value/funds/loan amount until the decision (Approved/Denied) on the request has been made.
B2B	B2B (business-to-business), a type of electronic commerce (e-commerce), is the exchange of products, services, or information between businesses rather than between businesses and consumers (B2C). A B2B transaction is conducted between companies such as wholesalers and online retailers.
GMV	Gross Merchandise Value (GMV), or Gross Merchandise Volume, is the total amount of sales a company makes over a specified period, typically measured quarterly or yearly. GMV is calculated before accrued expenses are deducted.

Technical Glossary

Terminologies	Description
API	Application Programming Interface is what API stands for. API is a set of definitions and protocols that allow technology products and services to communicate via the internet.
API Call	The API call is simply the process of sending a request to your API after setting up the right endpoints. Upon receiving your information, it is processed, and you receive feedback. By entering your login and password into a website and hitting 'enter,' you made an API call.
API Request	APIs are everywhere and are part of every aspect of the web. An API request happens when a developer adds an endpoint to a URL and uses that endpoint to call the server or the database.
API Security	The ubiquitous nature of APIs makes them one of the favorite targets for hackers. API security is an umbrella term that defines a set of practices that aim to prevent malicious attacks, misuse, and exploit APIs. API security includes basic authentication and authorization, tokens and other advanced security measures.
API Endpoint	An endpoint is the end of a communication channel. When APIs interact with other systems, each touchpoint of interaction is considered an endpoint. For example, an API endpoint could include a server, a service, or a database where a resource lives. API endpoints specify where resources live and who can access them.
API Integration	In simple terms, API integration connects two or more applications to exchange data between them and connect to the outside world.
Client	A client is a device that communicates with a server. A client can be a desktop computer, a laptop, a smartphone, or an IoT-powered device. Most networks allow communication between clients and servers as it flows through a router or switch.
HTTP Methods	POST, GET, PUT, PATCH, and DELETE (or methods are formally called) are the most common HTTP verbs or actions. In other words, they represent Create, Read, Update, and Delete (or CRUD) operations within a database.
Idempotency	An API call or operation is idempotent if it has the same result no matter how many times it is applied. That is, an idempotent operation provides protection against accidental duplicate calls causing unintended consequences.
Parameters	Parameters are special types of variables used in computer programming to pass information between procedures and functions. An argument to a function is referred to as a parameter. Adding three numbers, for example, may require three parameters.
Webhooks	A webhook (also called a web callback or HTTP push API) is a way for an app to provide other applications with real-time information. Webhooks deliver data directly to other applications, so data is available immediately instead of standard APIs requiring frequent polling for real-time data. Webhooks are beneficial to both consumers and providers in this way, but the only drawback is the difficulty of setting them up at first.