# Terminology

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### Users

A user is anyone with an active account on Countercyclical.

### Members

A member is a user that's part of a workspace.&#x20;

Most often, these are users with member (default), admin, or guest permissions.

{% hint style="info" %}
Please see [permissions](https://docs.countercyclical.io/fundamentals/settings/workspace/permissions "mention") for more information on this.
{% endhint %}

### Workspaces

A workspace is where all of your investments, valuations, and teams live.&#x20;

A user can have multiple workspaces.

### Investments

An investment is any searchable asset on Countercyclical.&#x20;

These mostly include traditional equity and debt issuances for publicly-traded companies.

### Collaborators

A collaborator is a workspace member that's been invited to an investment.

### Valuations

A valuation is a collaborative document that members create within an investment.&#x20;

These are often created based on some form of scenario analysis (Base case, grey sky, blue sky, etc.), but can be used in whatever manner the workspace members would like.

### Teams

A team is a group of members within a workspace.&#x20;

Teams are most often used for giving visibility to a lot of investments (and valuations) at once along with leveraging assumptions.

### Assumptions

Assumptions are saved inputs (growth rate, terminal rate, terminal period, and discount rate) that are used when generating valuations.

### Templates

Templates are reusable settings that a user, team, or entire workspace can leverage when creating new investments and valuations.&#x20;

These settings include certain invitations, valuations to create with each new investment based on scenario, etc.

### Memos

Memos are documents members can craft to share insights and findings with other stakeholders both inside a workspace or out.