Your gateway to comprehensive financial knowledge with more than 2000 financial and economic terms
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Foreign Investment
Directing the savings of an economy in a specific geographic region to the formation or acquisition of new real capital assets within the Kingdom's economy in a specific geographic region.
Supplier Name
The name of the entity to which the competition was awarded, as stated in the commercial registry.
Activity Name
The name of the main activity of the competition on the basis of which the bidding will be announced by the government entity.
Debit Notice
A commercial document issued by the supplier or the seller to the buyer, as a document that proves the increase in the buyer's debt due to the seller or the supplier. It is useful for the purposes of value-added tax, and the adjustment.
Government Assets
Assets owned by governmental or public entities, including tangible assets (such as land and buildings) and intangible assets (such as intellectual property rights), which are used to achieve public goals and provide services to citizens.
Illiquid Assets
Fixed assets, financial resources which are not readily realizable, or deposits not available for withdrawal within three months or less.
Ongoing Reforms
Economic policies aimed at improving structural aspects of the economy.
Endowment Fund Assets
Assets that are managed by a third party for specific objectives, and may include both monetary and non-monetary assets.
Ordinary Course of Business
A usual activity that is normal to the day to day operations of the business. Occasional or infrequent activities do not constitute an ordinary course of business.
Public Works Exempted from Competitions
Public procurement projects exempt from competitive bidding processes.
Tax Return
The information and data specified for tax purposes and submitted by a taxable person or a person authorized to act on his behalf for each tax period in accordance with the form prescribed by the Zakat, Tax and Customs Authority.
Peer-to-Peer Lending
A decentralized financial system where individuals lend and borrow directly from each other.
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