|The Jolly Contrarian’s Dictionary |
The snippy guide to financial services lingo.™
Substrate /ˈsʌbstreɪt/ (n.)
1. The medium, not the message. An underlying substance or layer. The material on or from which an organism lives, grows or obtains its nourishment.
2. A material which provides the surface on which something is deposited or inscribed. A waxen tablet, a punched card, a magnetic disc.
Once upon a time the distinction between information and the substrate on which that information was conveyed was not apparent. The information in a letter, book, or newspaper was indistinguishable from the tangible paper on which it was printed.