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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

Entity Code

Administrative organization code registered in the Ministry of Finance system.

Currency Symbol

The universal currency code in which the contract is registered on the system.

Adjustable-Rate Mortgage (ARM)

A home loan with an interest rate that changes periodically based on market conditions.

Mortgage

A loan secured by real estate property, typically for home purchases.

Entrepreneurship

The process of starting and managing a business, taking on financial risks in hopes of profit. Entrepreneurs drive innovation and economic growth.

Reasons for Buying Specification Booknote

Reasons for the participation of the supplier or the contractor in the bidding.

Orderbook

A record of buy and sell orders for a financial instrument, such as stocks or bonds, indicating the current market demand and supply, which can impact prices and trading activity.

Money Velocity

An economic measure that tracks the number of times a single unit of currency is used to purchase goods and services over a specific period of time.

Debt Ceiling

A limit set by the government on how much debt it can accumulate, requiring Congressional approval to raise it.

Digital Supply Chains

An integrated system that relies on modern technology to manage the movement of goods, data, and funds across all stages of production and distribution, from the supplier to the end customers.

Salary scale

A table showing the prescribed salary for each grade or job level, including allowances and incentives, if any.

Maturity Year

Employee's monthly salary slip is paid, every year according to Gregorian calendar, in which the entitlement, deductions and monthly allowances are shown.

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