diff --git a/docs/liquid-part1.md b/docs/liquid-part1.md
index 569d578..8262e97 100644
--- a/docs/liquid-part1.md
+++ b/docs/liquid-part1.md
@@ -41,9 +41,9 @@ One of the unique aspects of Liquid Network is that it supports a variety of Ass
 
     * Tokens (e.g. arbitrary token issue, stablecoin, etc)
     * Swaps (e.g. atomic swap of Token A for Token B)
-    * Options / Smart Contracts / Covenants (e.g. swap Token A for B when condition ABC is met)
-    * Securities (e.g. issue dividends to Token A holders after time)
-    * Restricted Assets (e.g. prohibit Token A holder to transfer tokens until approval given)
+    * Options / Smart Contracts / Covenants (e.g. swap Token A for B if condition ABC is met)
+    * Securities (e.g. issue dividends to Token A holders after X time)
+    * Restricted Assets (e.g. prohibit holder of Token A from transfer of tokens without approval)
 
 ### Additional Opcodes