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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

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Most searched terms

Annual Borrowing Plan

A plan outlining a company's strategy for acquiring funds or debt over a year, including the amount, terms, and purposes of borrowing.

Customs Office

The sector at each seaport, airport, and land port or at any other place where there is a branch office of the Administration authorized to complete all or some of the customs procedures.

Comprehensive Basic Income

A government-provided fixed income given to all citizens regardless of employment status.

Incident Monitoring and Reporting

The ongoing process of tracking and reporting the progress of corrective actions and monitoring the incident's resolution.

Raise the Price and Interest

Increases in prices, interest rates, taxes, or other related costs, which can impact financial planning and operations.

Payment Order Number

Payment order number allocated to the entity in the financial system.

Contract Reference Number

A reference number issued from Etimad platform. It will be added to each disbursement order submitted through the platform whether related to a project or a commissioning.

Unsubstituted Fungible

A digital asset that represents ownership of unique items using blockchain technology.

Chatbot

A computer program designed to simulate conversation with users, over the internet. Chatbots use artificial intelligence (AI) and natural language processing (NLP) to understand and respond to user queries in a conversational manner.

Tax Number

It is a fifteen-digit number that the establishment obtains after registering for a value-added tax or excise tax; it must appear in the invoice issued by the establishment and in the tax certificate.

Bid Reference Number

A number issued by the Etimad platform for each competition to track the competitor's procedures.

Invitation Reference Number

Private invitation number issued by Etimad platform sent to competitors to follow up on their status through Etimad platform.

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