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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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أ ب ت ث ج ح خ د ذ ر ز س ش ص ض ط ظ ع غ ف ق ك ل م ن ه و ي

Most searched terms

Off-plan Sale

Sale or lease of a detached real estate unit before its construction is completed.

Affirmed

A reconfirmation or maintenance of a previously assigned credit rating by a credit rating agency.

Prequalification

Verification of government entity of availability of the necessary qualifications and capabilities to carry out works or secure purchases with bidders before submitting bids.

Beneficiary Onboarding

The process of introducing beneficiaries to the products and services and guiding them to use the benefits offered, as well as providing ongoing support throughout their journey, from registration to becoming permanent beneficiaries.

Payment Order’s Date of Receipt

The date of receipt of the payment order to the Ministry of Finance and before its registration on the system.

Creation Date of Payment Order

The date of creating an order for payment through the Etimad Platform at the government entity.

Tax Due Date

Date of the supply of Goods or Services, the date of issuance of the tax invoice or upon partial or full receipt of the Consideration, whichever comes first, and to the extent of the received. This date may differ from the date the goods or services are actually provided.

Sending Date

The date of sending the invitation to issue a document or transaction.

Creation Date

The date of uploading the competition on the bidding system by the government body.

Withdrawal Date

The accepted date for withdrawal from the competition.

Payment Order’s Registration Date

The registration date of payment order in the financial system of the Ministry of Finance.

Date of Registration

The date on which the person is registered in accordance with the provisions of the Value Added Tax System in the KSA and its Implementing Regulations, or as specified in the tax registration certificate issued by the Zakat, Tax and Customs Authority.

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