modulo

[moj-uh-loh]

adverb

Mathematics.

1. with respect to a modulus.

   6 is congruent to 11, modulo 5.

modulo

1. With respect to a specified modulus. Eighteen is congruent to 42 modulo 12 because both 18 and 42 leave 6 as remainder when divided by 12.

Word History and Origins

Origin of modulo¹

1895–1900; < New Latin modulō, ablative of Latin modulus modulus

Example Sentences

Ms. Ellison expressed jealousy and resentment toward Modulo in some of her writings, as well as a feeling that she was being squeezed out, two people who have seen the documents said.

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He considered shutting the firm, according to court records, and invested more than $400 million in another trading company, Modulo Capital, which was led by a different former Jane Street trader whom he had also dated.

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The company on Wednesday reached a deal to recoup more than $400 million in cash from hedge fund Modulo Capital.

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Bankrupt crypto exchange FTX has reached a deal to recover more than $400 million in cash from hedge fund Modulo Capital, pulling back 97% of the money that FTX companies sent to the hedge fund in 2022, according to court documents filed on Wednesday.

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The settlement recovers most of those payments and takes 99% of Modulo's remaining assets, according to the filings.

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