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Distributor
A person charged with offering units of an investment fund in the Kingdom, in accordance with the Investment Funds Regulations and the Real Estate Investment Funds Regulations.
Expropriation for Public Benefit
Compulsory acquisition of properties owned by either an individual, a private entity or a government authority for the purpose of establishing or expanding public facilities and services to achieve public benefit.
Commercial Activity
All forms of business, whether commercial, service, or other works intended to generate a profit. Commercial activities include real estate, commodity trading, provision of service, securities, finance, insurance and all banking activities.
Basic Expenses
Expenses that have a direct relation to the entity's main tasks and responsibilities, which represent the necessary expenditures for, services, programs, and projects. It is linked to obligations that must be paid on time, such as employees' compensation, and some goods.
Primary Expenses
Non-essential expenditures for the conduct of the entity’s current operations and do not lead to the provision of the primary service to the entity as they represent the expenditures necessary to implement the primary activity
Financing Expenses
The total amounts that the government must pay to the debtor against the outstanding of origin debt, such as treasury bonds, sukuk, loans and civil accounts.
Asset Transfer
The process of moving assets, such as property, securities, or funds, from one entity to another, often through sales, gifts, or inheritance.
Disclosure Form
The document or set of documents that the Taxpayer must submit to the Zakat, Tax and Customs Authority (ZATCA) pursuant to Article 14 of Transfer Pricing Bylaws.
Transfer Form
A form containing a number of fields of employee information such as the position and the entity, it should be filled out by the department requesting the transfer.
Beneficiary Experience Maturity Model
Customer Experience Practices Maturity Assessment Model, which outlines the competencies associated with customer experience and the maturity level of the organization in each of these competencies.
Type of Bidding Activity
Determine the activity of the proposed competition such as (education and training, consulting professions).
Recovery Time Objective (RTO)
The maximum tolerable downtime after a failure or disaster.
Recovery Point Objective (RPO)
The maximum data loss allowed after a recovery from a disaster or event.
Productivity Growth
The increase in productivity over time, often linked to technological advancements.
Prototype
A prototype is an early sample, release of a product built to test a concept or process or to act as a thing to be replicated or learned from. A prototype is used to visualize and test the functionality of a new product, feature, or system before it is fully developed.
Capital Migration
The rapid movement of financial assets from a country due to economic or political instability.
Legal Obligation
A duty derived from: a contract (through its express or implied terms); legislation; or other operation of regulations.
Proposal Document
Documents submitted by the bidder to the Contracting Authority in response to an RFP for a PSP Project.
Main Sheet
A comprehensive and consolidated document or spreadsheet used to compile and organize various financial or operational data.
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