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The point when a period of usage is reconciled and prepared for invoicing.

Event

An immutable record of a measured action, with an identifier, timestamp, and quantity.

Idempotency

A guarantee that receiving the same event identifier again does not count its usage twice.

Meter

A rule that identifies which events to count and which unit to measure.

Rate card

The versioned prices used to convert measured usage into billable amounts.

Reconciliation

Comparing recorded usage with its source to find gaps or mismatches.

Settlement

Applying a finalized charge or credit to an account balance.

7 terms found