Your gateway to comprehensive financial knowledge with more than 2000 financial and economic terms
Most searched terms
Policy Effectiveness
The assessment of how well a policy or set of rules achieves its intended objectives and whether it has the desired impact on a given issue or problem.
Producer Surplus
The difference between the price a producer is willing to accept and the actual selling price.
Tax Period
The period of time during which the Net Tax must be accounted. In Saudi Arabia, the tax period is either a calendar month or calendar quarter.
Creditworthiness
The assessment of an individual's or organization's ability to meet financial obligations, repay debt, and manage credit responsibly, affecting their access to credit and terms of borrowing.
Red Team
A group that simulates an adversary or competitor to provide security feedback from that perspective.
Change Database
A database for tracking and managing change requests and their versions.
Customs Law
The statutory and regulatory provisions relating to the importation, exportation, movement or storage of goods, the administration and enforcement of which are specifically charged to the Customs, and any regulations made by the Customs under their statutory powers.
Cabinet Decision
An official document in a designated form expresses the cabinet's will.
Interest-only Loan
A loan where only the interest is paid for a certain period, with the principal paid later.
Payday Loan
A short-term, high-interest loan intended to cover expenses until the next paycheck.
Public Sector
The part of the economy controlled or operated by government entities, including government agencies, public services, and state-owned enterprises
Promising Economic Sectors
Industries with high potential for growth and profitability.
Award Value
The amount specified for awarding the bidding which is determined by the owner of the bidding (the government entity).
Market Fair Value
An estimate of the price at which a particular asset or investment could be sold in an open and fair market, serving as an indicator for valuing financial assets.
Percentage of Discount
The percentage of discount on the competing supplier’s offer, if any.
Time Value of Money (TVM)
The financial principle stating that the value of a certain amount of money today differs from its value in the future, due to its potential to be invested and earn returns or because of inflation, making current money more valuable than the same amount in the future.
Scope Limitation
A restriction or constraint on the extent or applicability of a study, audit, or examination, often due to practical, resource, or other limitations.
Black Money
Some people falsify their accounts and fail to record all transactions in their books of account to avoid paying taxes. Thus, money that is not recorded and accumulates illegally is called illicit gains.
Technical Competency
The knowledge, skills, and expertise required to perform technical tasks or functions, often relevant in job qualifications or project execution.
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