The Ledger Terminology Index
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A–Z Index

Issuer Address

The account that issues the token. No contract addresses on XRPL — issuer + trustline = identity.

Currency Code

The token’s ticker or hex code. Used for trustline formation.

Trustline

A required permission line allowing a wallet to hold a specific issued asset.

AMM (Automated Market Maker)

XRPL’s built-in liquidity engine — no contracts needed.

Liquidity Pool

Holds XRP + a issued token to power swap pricing.

LP Tokens

Representation of your pool ownership and fee share.

Routed Trade

A multi-path swap used to optimize price across routes.

Pathfinding

The algorithm that chooses the best trade path.

DEX

XRPL’s native decentralized exchange — fully on-ledger.

Rippling

Transfer behavior across trustlines with identical currency codes.

NFToken (XLS-20)

The XRPL-native NFT standard.

Memos

Structured metadata on transactions.

Escrow

Condition or time-locked XRP.

Clawback

Optional regulatory feature.

AccountSet

Transaction for setting account flags/config.

Hooks (Testnet)

Low-level programmable behavior — not yet on mainnet.

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