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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

Fixed Liability

Represent long-term financial obligations that an entity is committed to over an extended period, often including long-term loans, bonds, or other contractual debts.

Deregistration

The request submitted by the taxpayer to cancel his registration once he stops practicing any of the activities that require registration, or if the registration requirements are no more applicable in accordance with the relevant laws, regulations, and instructions.

Accessibility

Services should be easily accessible to all users, covering inclusivity, equality, and providing or engaging ease of access.

Registered Payment Order

Total value of the registered payment orders by which the undisbursed balance item is attached.

Information Security

Information Security is basically the practice of preventing unauthorized access, use, disclosure, disruption, modification, inspection, recording or destruction of information by providing the necessary means and methods to protect it from internal and external risks.

Funds Subject to Zakat

Any funds resulting from any business established for the purpose of earning money, whether it is commercial, industrial.....etc.

Industrial Production

The output of manufacturing, mining, and utilities sectors, indicating the level of industrial activity in an economy.

Crude Oil Production

The process of extracting crude oil from oil wells or held within a country, which significantly impacts government revenues.

Government Activities

The activities listed in the government's final accounts, and entities that provide non-market services and are controlled by the government.

Revitalization

Efforts to boost economic activity and growth in a declining industry or region.

Personal Spending

The amount of money an individual or household allocates to cover personal expenses and consumption, including daily living costs and discretionary purchases.

Inefficiencies

Shortcomings, waste, or weaknesses in processes or operations that hinder productivity or result in resource underutilization.

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