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Glossary

LaunchAI terms

25 terms

LaunchAI

Action language

The plain-English instructions a workflow is written in, like click "Approve." More than 50 actions, all readable and editable by a process owner.

LaunchAI

Agent PC

A machine set aside to run agents, such as a spare desktop left on overnight.

LaunchAI

Application training

A one-time pass where a small model explores an app's screens and builds a navigation map every agent shares.

LaunchAI

Atomic step

The smallest unit of a workflow. It does one thing, checks the result, and keeps its own record, so a failure points to one step.

LaunchAI

Copilot

The assistant in the workflow builder. It drafts a change, shows before and after, and waits for your approval.

LaunchAI

Credential vault

Encrypted storage for the few logins an agent cannot avoid. Workflows reference an entry by name and never see the value.

LaunchAI

Dual-Path Rule Engine

LaunchAI's decision layer. Exact rules run with no model; messy, visual judgment goes to a model; often the model reads and the rule decides.

LaunchAI

Enrolled device

A machine registered to run agents. Revoking it stops its agents.

LaunchAI

Evidence package

A tamper-evident export of one or many runs, ready to hand to an auditor.

LaunchAI

Human review step

A point where the agent stops and a person decides, with the agent's work beside the source document.

LaunchAI

LaunchAI Studio

The desktop app where you build, run, and manage agents. You describe the job, show steps on screen, and approve each one as the agent performs it live.

LaunchAI

Model routing

How LaunchAI picks a model for each question, by difficulty unless you pin one.

LaunchAI

Named variable

A slot such as invoice number that your demo values become, so each run uses real data.

LaunchAI

Portal

The shared web view where reviewers work their queue, owners edit rules, and managers watch runs.

LaunchAI

Process Atlas

LaunchAI's catalog of 1,554 back-office processes across three industries and 18 platforms.

LaunchAI

Readiness check

The pre-flight test before every run: workflow approved, machine online, inputs present.

LaunchAI

Receipts

The evidence kept for every action: before and after screenshots, where it clicked, what it typed, and when.

LaunchAI

Rules and Tables

Business-owned rules and lookup tables that agents read live at run time, versioned on every edit.

LaunchAI

Run console

The operations view for scheduling, watching, pausing, and changing agents in production.

LaunchAI

Stay logged in

The default sign-in model: the agent works inside sessions a person already opened, so it rarely sees a password.

LaunchAI

Surgical change

Changing one element of a live workflow, like a rule or a single step, and nothing else.

LaunchAI

Trigger

An event that starts a run, like a file in a folder, a new email, or a webhook.

LaunchAI

Value lineage

The chain linking a value in your ERP back to the exact spot on the source document it came from.

LaunchAI

Vision Layer

The part of LaunchAI that sees and uses software through the screen: look, find, act, verify.

LaunchAI

Workflow fence

The declared list of apps and folders a workflow may touch. Anything else is refused.

AI agent terms

23 terms

AI agents

Accessibility tree

The structured list of on-screen elements an operating system exposes for assistive tech. The quickest exact way to find a button when an app provides one.

AI agents

Agent development kit (ADK)

An industry term for a toolkit that builds, runs, and manages AI agents, such as Google ADK.

AI agents

Agent framework

A code library for building agents over APIs, like LangGraph or CrewAI. Engineers write and maintain the agent.

AI agents

Attended vs. unattended automation

Attended runs on a person's machine while they work; unattended runs alone on a dedicated machine.

AI agents

Browser agent

An agent that only works inside a web browser, often a cloud-hosted one.

AI agents

Computer-use agent

An agent that uses a computer like a person, reading the screen and sending mouse and keyboard input.

AI agents

Confidence threshold

The score below which a model's answer is not acted on and goes to a person instead.

AI agents

Datacenter IP

An internet address owned by a cloud provider. Bot defenses treat it as riskier than an office connection.

AI agents

Hallucination

Model output that sounds certain but is false, like a total that appears nowhere on the invoice.

AI agents

Headless browser

A browser with no visible window, driven by code. Bot defenses are built to spot them.

AI agents

Human in the loop

A design where a person approves or decides at set points. The real question is where to put them.

AI agents

Integration platform (iPaaS)

A service like Zapier or Workato that connects apps through their APIs. Its reach ends where its connectors do.

AI agents

Intelligent document processing (IDP)

Software that extracts fields from documents. Posting, matching, and review still remain.

AI agents

Model Context Protocol (MCP)

An open standard for connecting AI assistants to tools. It only helps where someone has built a server for that system.

AI agents

OCR

Software that turns pixels of text into characters.

AI agents

Parallel run

A test period where an agent and a person do the same work and the results are compared.

AI agents

Prompt injection

Hidden instructions in a document or web page that try to redirect an agent.

AI agents

Schema validation

Checking a model's answer against expected fields and types before anything uses it.

AI agents

SOP

A written description of how a task is done. An agent-ready SOP puts one action on each line.

AI agents

Swivel-chair work

Re-keying data from one screen into another by hand.

AI agents

Terminal emulator

Software that shows an older system's text-only screens, often green on black, on a modern PC.

AI agents

Webhook

A message one system sends another the moment something happens.

Manufacturing terms

25 terms

Three-way match: price from the PO, quantity from the receipt, then pay.
Manufacturing

Advance ship notice (ASN)

An electronic notice of what a shipment contains before it arrives.

Manufacturing

Available-to-promise (ATP)

The quantity not yet committed to other orders, and when it can ship.

Manufacturing

Backflush

Automatically posting component use when an operation is reported complete, based on the BOM.

Manufacturing

Bill of lading (BOL)

The carrier's document for a shipment: a receipt for the goods and the terms of carriage.

Manufacturing

Bill of materials (BOM)

The list of components and quantities needed to make one unit.

Manufacturing

CAPA

Corrective and preventive action: find a problem's root cause, fix it, and prevent a repeat.

Manufacturing

Cycle count

Counting a rotating slice of inventory on a schedule instead of a full shutdown count.

Manufacturing

EDI 850, 855, 860

Electronic purchase order, PO acknowledgment, and PO change.

Manufacturing

ECR and ECO

The request to change a part, drawing, or BOM, and the approved order that releases it.

Manufacturing

First article inspection (FAI)

A full inspection of the first part from a new process, tool, or supplier.

Manufacturing

Job traveler

The packet that moves with a job through the shop: steps, drawing revision, lots, sign-offs.

Manufacturing

Landed cost

Unit price plus freight, duties, and handling to get an item to your dock.

Manufacturing

Lot traceability

Following a lot or serial number from receipt through every job and shipment.

Manufacturing

MES

Manufacturing execution system: shop-floor software that records labor, machine time, and quantities.

Manufacturing

MRP

The ERP calculation that nets demand against stock and proposes planned orders and exceptions.

Manufacturing

MRB

Material review board: the group that decides what to do with nonconforming material.

Manufacturing

NCR

Nonconformance report: the record opened when material fails a requirement.

Manufacturing

OEE

Overall equipment effectiveness: availability times performance times quality.

Manufacturing

PPAP

Production part approval process: a supplier's proof that its process makes the part to spec.

Manufacturing

PPV

Purchase price variance: price paid versus standard cost, times quantity.

Manufacturing

RMA

Return material authorization: the approval that lets a customer send a product back.

Manufacturing

Routing

The ordered list of operations and work centers for making an item.

Manufacturing

S&OP

Sales and operations planning: the monthly cycle that balances demand with supply and capacity.

Manufacturing

SCAR

Supplier corrective action request: a formal demand that a supplier fix a defect's root cause.

Manufacturing

Three-way match

Checking an invoice against the PO for price and the receipt for quantity before paying.

Construction terms

24 terms

Construction

AIA G702 and G703

The standard payment application: G702 is the request, G703 the line-by-line continuation sheet.

Construction

Bid leveling

Normalizing competing subcontractor bids to the same scope before comparing prices.

Construction

Bonding capacity

How much work a surety will bond for a contractor, per job and in total.

Construction

Buyout

Turning an awarded estimate into signed subcontracts and purchase orders.

Construction

Certified payroll

A weekly report proving prevailing wages were paid on public construction work.

Construction

Certificate of insurance (COI)

A one-page summary of a party's insurance. It is evidence of coverage, not coverage.

Construction

Change order

A signed change to a contract's scope, price, or schedule.

Construction

Closeout

End-of-job work: punch list, as-builts, manuals, warranties, final waivers, and retention release.

Construction

Commitment

A signed subcontract or PO recorded against a job's budget.

Construction

Cost code

The code that classifies job cost by type of work, like concrete forming.

Construction

Cost-to-complete and EAC

The forecast of cost still to spend, and that forecast plus cost to date.

Construction

Daily report

The site record of one day: manpower, equipment, weather, deliveries, and work done.

Construction

Fade

A drop in a job's projected profit percentage from one month to the next.

Construction

Joint check

A check payable to both a subcontractor and its supplier.

Construction

Lien waiver

A document giving up lien rights for an amount paid. Conditional waivers take effect when payment clears.

Construction

Over and under billing

Billing ahead of earned revenue, or earned revenue not yet billed.

Construction

Pay-when-paid

A clause tying a sub's payment timing to when the GC gets paid.

Construction

Prevailing wage

The minimum wage and fringe rates, by craft and county, on publicly funded work.

Construction

RFI

Request for information: a formal question to the design team about drawings or specs.

Construction

Retainage

A percentage of each payment held back until the work is complete.

Construction

Schedule of values (SOV)

The line-item breakdown of a contract that progress billing is measured against.

Construction

Submittal

A shop drawing, product sheet, or sample sent to the design team for review before use.

Construction

T&M ticket

A field record of labor, equipment, and materials on extra work. The owner's signature makes it billable.

Construction

WIP schedule

A report comparing each job's billings with earned revenue. Sureties and lenders read it closely.

Property management terms

24 terms

Property management

Adverse action notice

The notice a landlord must send when a credit or background report affects a denial or worse terms.

Property management

Base year and expense stop

Two ways a commercial lease caps a tenant's share of operating costs.

Property management

CAM gross-up

Adjusting variable building costs to a set occupancy so vacancy does not skew each tenant's share.

Property management

CAM reconciliation

The annual true-up of common area charges against actual costs, tenant by tenant.

Property management

EIV

Enterprise Income Verification: HUD's system for checking assisted tenants' income data.

Property management

Estoppel certificate

A tenant's signed confirmation of lease facts for a buyer or lender.

Property management

HAP

Housing assistance payment: the subsidy paid to an owner for an assisted household.

Property management

HOA assessment

The regular or special charge an owners' association levies on each home.

Property management

HOTMA

A federal housing law that changed income and asset rules in HUD-assisted housing.

Property management

HUD-50059

The form recording an assisted household's income, rent, and assistance.

Property management

ILS

Internet listing service: a rental listing site fed from the property platform.

Property management

Lease abstraction

Turning a lease document into structured fields like rent steps, options, and dates.

Property management

LIHTC certification

Proof of a household's income eligibility for a tax-credit unit.

Property management

Lockbox

A bank service that receives and deposits rent checks and sends a payment file.

Property management

Make-ready

The work between move-out and the next move-in. Also called a unit turn.

Property management

NSF

A payment the bank returns unpaid.

Property management

NSPIRE

HUD's physical inspection standard for assisted housing.

Property management

Owner statement

The monthly report to each owner: income, expenses, reserves, and distributions.

Property management

Rent roll

The list of every unit with its tenant, lease dates, rent, and balance.

Property management

RUBS

Ratio utility billing: splitting a utility bill across units by formula when units are not metered.

Property management

Security deposit disposition

The itemized deductions and refund sent after move-out, by a state deadline.

Property management

Tenant ledger

The running record of every charge and payment on one lease.

Property management

TRACS

HUD's system for receiving tenant certifications and monthly subsidy vouchers.

Property management

Trust account

A bank account holding money that belongs to others, like security deposits.

Finance and control terms

11 terms

Finance

1099-NEC

The IRS form for nonemployee pay. For payments after 2025, the filing threshold is $2,000.

Finance

Accrued receipt

A liability for goods received before the invoice arrives.

Finance

Bank covenant

A loan condition the borrower must meet and certify on a schedule.

Finance

Bank reconciliation

Matching every bank statement line to the ledger and explaining every difference.

Finance

Business email compromise (BEC)

Email fraud that impersonates a vendor or executive to redirect a payment.

Finance Control

Positive pay

A bank control that flags any presented check that does not match your issued-check file.

Finance

Sales tax exemption certificate

A buyer's signed statement that a purchase is tax-exempt.

Finance Control

Segregation of duties

No single person initiates, approves, records, and reconciles the same transaction.

Finance Control

Vendor bank-change call-back

Confirming a vendor's new bank details by calling a number already on file.

Finance

W-9 and TIN matching

A vendor's tax ID form, and the IRS check that the name and number match.

Finance

Warranty reserve

The liability a manufacturer books for expected warranty costs.

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