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Most of this API says what it means. These are the words that do not, either because the platform uses them more narrowly than you would, or because the same English word covers more than one thing here.

The word external

Four things in this contract are spelled with some form of external, and they mean different things. This is the one place they are set beside each other. If you learn only the first, the third will mislead you: external_uid is your own, and mode: "external" is precisely not yours.

Who is who

The resource model

Money, prices and rules

Blocks, holds and bookings

Availability of the contract itself