ACTIVE: defined as either having a trading account of $99 (Builder) or higher with all monthly service fees of $25 paid up to date, OR, a Marketing License of $49.95 with all monthly subscription fees of $2.95 paid up to date.
The COMPANY: defined as NovaTech Ltd, DBA NovaTrading, OU, NovaTech Advisors, LLC.
CHECK MATCHING: commissions paid to upline calculated from profits earned from direct downline.
CRYPTOCURRENCY: a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.
DOWNLINE: all legs and members in your organization.
FOREX: Foreign Exchange Market is a global decentralized market for the trading of currencies.
GV: Group Volume, includes all member qualifying trading volume in your organization.
HWM (High Water Mark): A high-water mark is the highest peak in value that an investment fund or account has reached. This term is often used in the context of fund manager compensation, which is performance-based. The high-water mark ensures the manager does not get paid large sums for poor performance. If the manager loses money over a period, he must get the fund above the high-water mark before receiving a performance bonus.
PLACEMENT TREE: genealogy or relationship tree representing all members in your organization.
PROFIT: trading gains earned above amount deposited for trading activities. Excludes commissions earned from the Affiliate Referral Program.
PV: Personal Volume, includes all personal qualifying trading volume.
RANK: qualifying MLM position gained through growth of your business.
REFERRAL BONUS: commission paid to Sponsor for personally enrolling another member,
SPONSOR: a member who directly enrolls another member using their affiliate sponsor link.
SPONSOR TREE: genealogy or relationship tree representing all personally sponsored members in your organization and their personally sponsored downlines.