More jargon I've learned about today: DLC
DLC stands for Discreet Log Contacts. A simple explanation of this, as I currently understand, is it's a way for 2+ parties to exchange money based on the outcome of some event.
Like a coin toss, for example.
Here is a link to the original paper, according to bitcoinops.org:
https://adiabat.github.io/dlc.pdf
and bitcoinops.org