> ## Documentation Index > Fetch the complete documentation index at: https://docs.toku.com/llms.txt > Use this file to discover all available pages before exploring further. # Key Concepts > Terminology and concepts used throughout Toku ## Token Grant Administration ### Grant A token grant is an award of tokens to an employee, contractor, or investor. Grants typically have vesting schedules that determine when the recipient can claim their tokens. ### Vesting Vesting is the process by which a recipient earns the right to their tokens over time. Common vesting structures include: * **Cliff vesting** — No tokens vest until a specific date (e.g., 1 year) * **Linear vesting** — Tokens vest evenly over time (e.g., monthly over 4 years) * **Milestone vesting** — Tokens vest when specific goals are achieved ### Distribution A distribution is the actual transfer of vested tokens from your organization to a recipient's wallet. ### Cap Table A record of all token grants and ownership in your organization, showing who owns what and how much has vested. *** ## Toku Contractor ### Contractor An independent worker engaged by your organization on a contract basis, rather than as an employee. ### Invoice A request for payment submitted by a contractor for work completed. Invoices include details like hours worked, rates, and total amount due. ### Engagement The contractual relationship between your organization and a contractor, including terms, rates, and scope of work. *** ## Stablecoin Payroll ### Stablecoin A cryptocurrency designed to maintain a stable value, typically pegged to a fiat currency like USD. Common stablecoins include USDC and USDT. ### Payroll Run A scheduled payment to employees, including salary, bonuses, and any deductions. ### Withholding The portion of an employee's pay that is held back for taxes or other deductions before payment is made. ### Payout Method How an employee chooses to receive their pay — traditional bank transfer, stablecoin to a crypto wallet, or a combination. *** ## General Terms ### Custody Provider A service that securely stores digital assets (tokens, stablecoins) on behalf of organizations. Toku integrates with providers like Fireblocks and Anchorage. ### Wallet A digital account where tokens and stablecoins are stored. Recipients need a wallet address to receive crypto payments. ### KYC (Know Your Customer) Identity verification required for compliance. Recipients may need to complete KYC before receiving payments. *** ## Related Learn more about token grants Learn more about contractor management