Glossary
Terms you will encounter in Pakt and its MCP responses.
| Term | Meaning |
|---|---|
| Pakt | The rules you approve for your agent |
| Artifact | The compiled, machine-readable form of a Pakt |
| Pakt root | The cryptographic identifier for the exact artifact and policy program |
| Policy program | The evaluator committed in the Pakt that checks its rules |
| Review | The readable groups returned in pakt.review for ordinary user review |
| Dual readback | The complete ALLOWED / NOT ALLOWED summary of the rules |
| Approved agent | An agent you permit to propose actions for your account |
| Authenticated state | Account or market facts whose source and integrity Pakt verifies |
| Pakt signer | The signer you control for approving or disabling an exact Pakt; implemented as a recoverable wallet |
| Restricted execution signer | The separate signer limited to exact requests that Pakt authorizes |
| Activation | Your Pakt signer approval making an exact Pakt usable in your account and environment |
| Authorization | Pakt's proof-backed permission to sign an exact action |
| Approval stamp | Authorization accepted by the wallet provider before it signs; not a venue-valid transaction signature |
| Wallet signature | The signature the venue accepts for the exact authorized request |
| Refusal | A proved decision that a rule failed, with no wallet signature released |
| Receipt | The verifiable record of an authorization decision or refusal |
| Submission | The client sending a signed request to the venue |
| IOC | Immediate-or-cancel: fill available liquidity within the limit price and cancel the remainder |
| Reduce-only | An order that can reduce a position but cannot increase its exposure |
| Settlement | The venue's final outcome, which a Pakt receipt alone does not establish |
See Statuses and Errors for exact response values.