Financial Glossary

A non-fungible token is a unique digital certificate of ownership stored on a blockchain that proves authenticity of a specific digital asset.

A fossil fuel commodity traded globally, priced in BTUs or MMBtu, used for heating, electricity generation, and industrial processes.

Net income is a company's total profit after deducting all expenses, taxes, and costs from revenue—the bottom line of financial performance.

Net Operating Income (NOI) is a property's annual revenue minus operating expenses, excluding financing costs and depreciation.

A phenomenon where a product or service becomes more valuable as more people use it, creating self-reinforcing growth cycles.