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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

Executive Summary

A concise and summarized document that provides an overview of a longer report, proposal, or business plan, highlighting key points and findings.

Money Supply

The total amount of money in circulation within an economy at a given time.

User Experience (UX) Lab

A controlled environment where designers, researchers, and professionals can observe and analyze how users interact with products, services, or interfaces. Its primary goal is to gather insights into user behavior, preferences, and challenges.

Beneficiary Effort Score

A metric used to measure the ease or difficulty of a beneficiary completing a specific task.

Resident

All person a resident of a country if he meets the residency requirements specified in each system, including a principal place of work or a permanent establishment in the Kingdom.

Vision Realization Program Offices

Offices established in each ministry or independent agency which are responsible for monitoring and managing the Saudi Vision 2030 programs' initiatives.

Release Office

An office of a contracting party where transit process starts. Such office may perform the duties of a load office as well.

Zakat Payers for Zakat Assessment on Arbitrary Basis

Any Zakat payer who does not have commercial books that are the results of the business and is not required to issue financial statements in accordance with applicable laws, regulations and rules.

Adjustable-Rate Rider

A loan provision allowing interest rate adjustments based on predefined terms, commonly in mortgage agreements.

Tax Representative

A person residing in Saudi Arabia who represents a non-resident taxable person in all matters related to Value Added Tax (VAT), and he shall be responsible, together with the taxable person, for the payment of any financial obligations related to VAT.

Social Security Benefits

Current transfers to households and individuals to meet needs arising from events. These benefits may be paid in cash or in kind.

Small- and Medium- Sized Enterprises (SMEs)

Businesses with a limited number of employees and moderate revenue.

Issue Profile

Provides information about a specific financial instrument or security, including its characteristics, terms, and features.

Abusive Practice

An unfair or unethical financial or business practice that exploits consumers or market conditions.

Curve

A graphical representation of data points or yields, such as the yield curve, which displays interest rates for a range of maturities, helping assess market expectations.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded.

Sales Representative

An employee of a capital market institution who performs the activities of dealing or arranging on behalf of a capital market institution with or for a client.

Permanent Establishment (PE)

A place of business for the non-resident through which he carries out his business, wholly or partly. This includes the business carried out by the non-resident through his agent.

Disbursement for a Specific Year

Appropriations that have been spent within a specific year.

Special Economic Zone

Designated areas offering tax incentives and regulatory benefits to attract investment.

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