modulo

American  

[moj-uh-loh] / ˈmɒdʒ əˌloʊ /

adverb

Mathematics.

1. with respect to a modulus.

   6 is congruent to 11, modulo 5.

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modulo Scientific  

/ mŏj′ə-lō /

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.

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Etymology

Origin of modulo

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

Example Sentences

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.

From New York Times

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.

From New York Times

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

From Reuters

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.

From Reuters

FTX's affiliated hedge fund Alameda Research sent $475 million to Modulo in a series of transfers beginning in May 2022, a time when FTX was losing money and heading toward bankruptcy, according to the court filings.

From Reuters