What Constitutes a Closed Loop
A closed loop has one requirement: the circuit must close — a documented path of money, position, or obligation that returns benefit to where it started, with every edge carried by evidence and graded primary, secondary, or inferential against public records. Components take whatever shape the actual circuit has; there is no fixed checklist. A loop is only as strong as its least-confident edge, so every card wears its weakest edge, and machine-drafted loops stay in the review drawer until every placeholder component is resolved.