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

# Key Terms

<table><thead><tr><th width="199.99609375">Term</th><th>Definition</th></tr></thead><tbody><tr><td>API Key</td><td>A secure code issued by an exchange that allows Origami Tech to access an account and execute trades without exposing login credentials. Required for account integration.</td></tr><tr><td>Maker</td><td>Executes orders that add liquidity to the market (limit orders). Post-Only mode ensures a bot only acts as a maker.</td></tr><tr><td>Taker</td><td>Executes orders that remove liquidity (market orders or matched limit orders).</td></tr><tr><td>Spot Market</td><td>A market where assets are traded for immediate settlement at the current price.</td></tr><tr><td>Futures Market</td><td>A market for trading contracts that specify asset delivery at a future date. Requires setting a position mode.</td></tr><tr><td>Order</td><td>An instruction to buy or sell an asset according to the bot’s trading logic. Order history can be reviewed in the terminal.</td></tr><tr><td>Balance</td><td>The total funds in a connected account, including spot and futures holdings. Displayed in the terminal for monitoring.</td></tr><tr><td>Margin</td><td>Funds allocated to open leveraged positions in the futures market. Margin type is selected when configuring a bot.</td></tr><tr><td>Cross Margin Mode</td><td>A margin configuration where the account’s total balance supports all open positions. Reduces liquidation risk by pooling funds across positions.</td></tr><tr><td>Isolated Margin Mode</td><td>A margin configuration where each position has a separate allocation. Losses are confined to the margin assigned to that position.</td></tr><tr><td>Stop Loss</td><td>Closes a position automatically when the asset price reaches a predefined level.</td></tr><tr><td>Take Profit</td><td>Closes a position automatically when a target profit is reached.</td></tr><tr><td>Position Mode</td><td>Determines how futures positions are managed. Selection is required when adding a futures account.</td></tr><tr><td>Preset</td><td>A predefined strategy template that can be applied to a bot for rapid deployment. Can be customized after launch.</td></tr><tr><td>Strategy</td><td>The set of rules and logic a bot follows to execute trades. It can be built manually or adapted from a preset.</td></tr><tr><td>Function</td><td>A calculation or operation that a bot can execute as part of a strategy.</td></tr><tr><td>Variable</td><td>A defined parameter used within a bot’s logic to store and reference a value.</td></tr><tr><td>Error Log</td><td>A record of errors generated during bot operation. Accessible in the terminal or the Bots section for troubleshooting and correction.</td></tr></tbody></table>

***

<p align="right"><a href="https://discord.com/invite/origamitech" class="button primary" data-icon="discord">Discord</a></p>