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

# Glossary

<table><thead><tr><th width="221">Term</th><th>Definition</th></tr></thead><tbody><tr><td>Leverage</td><td>Leverage means using borrowed money to trade more than you actually have – for example, with 10x leverage and $100, you can open a $1,000 trade, so if the price goes up 1%, you gain 10% ($10), but if it goes down 1%, you lose 10% ($10).</td></tr><tr><td>Liquidity</td><td>Total value of the token &#x26; Solana available for trading in a market.</td></tr><tr><td>Sniper</td><td>A wallet that purchased the token within the first 3 seconds of the token being created.</td></tr><tr><td>Insider</td><td>A wallet that had tokens transferred to them by the creator.</td></tr><tr><td>Bundler</td><td>A wallet that purchased the token within the first second of the token being created.</td></tr><tr><td>Liquidity Pools</td><td>A liquidity pool is a pile of tokens that people trade from, instead of using a traditional order book – it automatically sets prices based on how much of each token is in the pool, like a robot market maker.</td></tr><tr><td>Token Tax</td><td>A percent of every trade charged by liquidity pools to be paid to the creator of the token.</td></tr><tr><td>Slippage</td><td>Slippage is the maximum percentage of the trade that can be lost due to price volatility. It is a measure of the risk of a trade not completing as expected.</td></tr><tr><td>Priority Fee</td><td>Priority is the amount of SOL required to complete a transaction. The higher the priority the faster the transaction will be processed. Especially important during times of high congestion.</td></tr><tr><td>Bribe Fee</td><td>Bribe is the amount of SOL required to complete a transaction. The higher the bribe the faster the transaction will be processed. Especially important during times of high congestion.</td></tr><tr><td>Mev Protection</td><td>A setting to turn on that reduces the risk of your transactions being front-run.</td></tr></tbody></table>


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