The words, plainly

The mechanism

• ERC-8056. The scaled UI amount extension. Lets a token express “each unit now stands for more of the underlying” without touching anyone's balance.
• uiMultiplier(). The current factor. 1.000000000 means nothing has been applied yet.
• balanceOfUI(). The balance as a person should see it: the raw balance scaled by the factor. balanceOf() returns the raw one and does not move on a corporate action.
• effectiveAt. The moment a new factor starts applying, which is not the block the event was emitted in.
• Beacon proxy. A small contract that holds no logic of its own and reads it from a shared implementation. On this chain the real wrappers are 283 byte beacon proxies, and that is the only reliable way to tell them apart from imitations.

Ownership

• Stock ledger. The company's register of who owns it. The document that decides who gets paid.
• Holder of record. The name in that register at the record date. Not necessarily the person carrying the economic exposure.
• Street name. Shares registered to a broker rather than to the person who bought them.
• Beneficial owner. The one who actually carries the gain, the loss and the right to the income. On chain, often a depositor in a pool that holds the token.

Dates

• Declaration date. The board announces an amount and a schedule.
• Ex-date. From this day the share trades without the right to the coming payment.
• Record date. The issuer's register is fixed.
• Effective time. The on chain equivalent that actually matters here: when the factor starts applying and whoever holds the token carries the new value.

Returns

• Price return. What the quote did on its own.
• Total return. Price plus distributions. On this chain the distribution is folded into the factor, so total return is what the quote already shows.
• Tracking error. How far a wrapper drifts from the thing it claims to track. Here it comes from consumers reading the factor wrongly or not at all, not from a payment going missing.

Events

• Multiplier step. A dividend or a split expressed as a change in the factor.
• Repeat. The same step emitted more than once. Harmless if you read absolutes, expensive if you compound deltas.
• Correction. A factor set and then replaced, as happened once on this chain within fifteen minutes. Normal in a register, provided the register keeps both lines.
• Escheatment. The process by which unclaimed distributions eventually revert to the state. The end of the road for money nobody came to collect.