Overview

Agent

Operate

Overview

What the agent may spend on its own, what stands behind it, and who can change it.

Four facts

How authority works

  1. 1
    Sized by an exam

    The limit comes from an adversarial exam, not from a number someone typed in.

  2. 2
    Two keys

    The examiner signs, the owner activates. The agent cannot raise its own limit.

  3. 3
    Tiers

    Invoices inside the limit pay at once. Larger or unusual ones wait for the owner.

  4. 4
    One-step consequence

    An approved claim repays from the bond and revokes the limit in the same transaction.

Daily limit

…

Set by the exam, enforced by the contract

Window exposure

…

Bond remaining

…

Backs payments nobody has reviewed yet

Reserve floor

…

The vault never drops below this

Who does what

Desks