Your gateway to comprehensive financial knowledge with more than 2000 financial and economic terms
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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.
Payment Mechanism
Contractual arrangements through which the Private Party is compensated in a Public-Private Partnership (PPP) project. This mechanism outlines the timing, amount, and conditions under which payments will be made.
Compliance
To meet all commitment requirements, either mandatory requirements such as: legislation, regulations or optional requirements such as: internal policies of the entity and standards of the sector.
Production of Excise Goods
Any activity in Saudi Arabia involving the manufacture, cultivation, or changing of components of excise goods to the extent that makes it subject to tax.
Liability
Financial obligations and debts owed by an individual, institution, or entity that usually require repayment or fulfillment.
Decline
A reduction in value, performance, or economic activity. It may indicate a negative trend or change.
Asset-Backed Security (ABS)
A financial instrument backed by a pool of assets, such as loans or receivables, which generate cash flow.
Direct Revenues
Revenues accrued to the entity from its primary activity, as authorized under its governing regulations and executive bylaws.
Aggregate Expenditure
The total spending on an economy’s goods and services within a specific period, including consumption, investment, government spending, and net exports.
Aggregate Revenues
It is the total amount collected from oil and non-oil revenues, including returns from rents, taxes, fees, investment, and returns on assets.
Primary Seller
A financial institution authorized to participate in government bond auctions and conduct market operations on behalf of a central bank or government.
Business Environment
External and internal factors affecting a company's operations, such as regulations, competition, and economy.
Infrastructure
Public utilities or assets that directly or indirectly provide public services.
Selling
Selling the security for consideration, or surrendering, assigning, or converting its rights, or assuming any liability arising from it.
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