Capital flow
Where market attention, funding, orders, policy pressure, or credit appetite is moving.
Glossary
Market language, without the fog.
Short definitions for the few technical words Open Variable Research cannot explain accurately without naming them.
Key terms
Current delta
The dated new fact that changes the old narrative, timing, pricing power, policy regime, delivery path, or verification quality.
Core demand
The concrete demand unit that must be satisfied before a thesis can become operational.
Delivery chain
The practical sequence that turns demand into delivered capacity, including equipment, permits, financing, logistics, operations, and commissioning.
Transmission path
How a change moves through operations, policy, behavior, cash flow, balance sheets, financing, or market structure.
Bottleneck
A scarce or slow-to-expand node that limits delivery. It is one possible decision variable, not a required explanation.
Decision variable
The variable that changes the judgment: a constraint, accelerator, demand break, substitution, policy gate, capital structure, control point, or measurement error.
Capital translation
The path from an operating or policy change to revenue, cost, margin, cash flow, financing, impairment, duration, or optionality.
Expectations test
A comparison with prices, spreads, multiples, consensus, contract terms, or another observable baseline showing what the market already reflects.
Verification signal
A public data point that strengthens the thesis, such as backlog, lead time, margin, utilization, inventory, or contract evidence.
Disproof signal
A public data point that weakens the thesis, such as demand cuts, fast new supply, substitution, policy reversal, or margin failure.
Repricing pressure
A conditional scenario in which a mechanism changes bargaining power, margins, asset value, or capital allocation.
Signal Ledger
A dated record of a research candidate, its evidence standard, status, verification signals, and disproof conditions.
Why these words exist
Jargon is useful only when it makes an important distinction clearer. When an everyday word works, Open Variable Research uses the everyday word.
Strategic importance, scarcity, or control is not an investment conclusion. The next step is capital translation, expectations, valuation context, and risk review.