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Financial and Economic Dictionary

A collaborative initiative uniting 11 partners from the government sector, this dictionary is built to serve as a unified reference and vital knowledge hub for specialists and enthusiasts alike. It aims to enhance financial literacy, support the Kingdom's development process in light of Saudi Vision 2030, at a time when terminology is no longer just a linguistic tool, but have become pillars of knowledge on which policies are built, legislation is formulated, and dialogue between specialists, decision-makers and relevant authorities in the financial sector is managed.

Your gateway to comprehensive financial knowledge with more than 2000 financial and economic terms

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
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Most searched terms

Non-Standard Change

Changes related to enhancement and customization requiring CAB approvals, categorized by risk and impact.

Career Progression

The development and career advancement of an individual within an organization, often involving promotions and increased responsibilities.

Beneficiary Segmentation

Segmenting beneficiaries into groups based on shared characteristics or behaviors, such as age, gender, nationality, and the nature of their interaction with services and products, to target them with specific strategies according to their nature and interaction patterns.

Stock Market Volatility

The degree of price fluctuations in the stock market over time.

Production Cuts

The intentional reduction in the quantity of goods or services produced by a business or industry, often to address oversupply or market imbalances.

Customer-Centric Technology

Utilizing technological solutions that enhance and support a customer-focused approach.

Regulatory Technology (Regtech)

The use of technology to help businesses comply with financial regulations efficiently.

Customer-Centric Employee Recognition

Recognizing and rewarding employees for their contributions to enhancing the customer experience.

Submit Initial Incident Report

The action of providing the initial report on the discovered incident to the relevant parties, typically within a specified timeframe.

Incident Report

An official document or record detailing an incident, including its nature, impact, and any initial actions taken.

Report of the Activities Made on Budget Approval

Report of budgetary reclassifications made on budget items for the government body after approval of the Ministry of Finance.

Tax Installment

Tax payment in installments is made in cases where the taxpayer faces difficulties in paying the amounts due in full. Payment is made according to the installment plan approved by the Zakat, Tax and Customs Authority after the advance payment is made.

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