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

# Glossary

**SPE/SPV:** Special Purpose Entity/Vehicle used for asset segregation and compliance governance.

**Fund Token:** Tokenized certificate representing shares of underlying assets or asset pools.

**ERC-3646:** Contract standard for permissioned security tokens/share registration (including compliance verification and disclosure pointers).

**POR:** Proof of Reserve, verifying consistency between issued shares and underlying reserves.