Glossary

Expense-splitting terms, explained

Plain-English definitions for the language of group expense splitting. Each term has examples drawn from real groups.

Equal split vs share split
Two ways of dividing an expense: equal divides evenly across all members; shares divides by weighted ratios.
Magic link
A unique URL that authenticates a user (or group member) without requiring a password.
Multi-currency settlement
Settling group balances when expenses were logged in different currencies, using snapshotted FX rates.
Settle up
The action of moving real money to clear group balances down to zero.
Smart settlement
An algorithm that produces the minimum number of transactions needed to settle all balances in a group.