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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
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

Customs Zone

Part of the lands or seas subject to the customs control and procedures.

Free Zone

A part of the state’s territories in which commercial or industrial activities are exercised under the respective laws of that state. Any goods entering that zone are considered to be outside the customs zone and shall not be subject to the usual customs control and procedures.

Reclassified to

Workers' compensations, goods and services, programs, and a project that was reclassified to.

Reclassified from

Workers' compensations, goods and services, programs, and a project that was reclassified from.

Briefing Notes

Are concise documents used in business and government to summarize essential information and recommendations for decision-making.

Special Agent

Any natural person who is an employee in one of the government sectors or general sector or commercial sector who is authorized to complete customs actions needed for its imports or exports.

Customs Broker Agent

Any natural person licensed to perform customs procedures.

Origin of Goods

The producing country, whether these goods are natural resources, agricultural crops or animal or industrial products.

Non-Saudi Financial Services Firm

A person who engages in securities business in the course of his profession or trade outside the Kingdom.

Entifa Platform

An electronic platform affiliated with the State Properties General Authority that provides various real estate services, and facilitates the completion of applications electronically for beneficiaries, such as government entities, private sector, and individuals.

Disbursed Within a Specific Year for Contracts

Total spending of retainages for allocations of contract and other obligations in a year.

Economic Zone

Designated areas within a country that offer special economic regulations, such as tax incentives, to encourage business growth and investment.

Transit Zone

Territories of the contracting parties to the Agreement on the Regulation of Transit Transport among Arab countries.

Methodology

The systematic and structured approach or set of methods used to conduct research, analysis, or studies in a specific field.

Abandoned

Financial assets or property left unclaimed by their rightful owner or their heirs, often because of the economic impracticality of claiming them or as a result of financial negligence.

Specifications

Detailed specifications for the items of bill of quantities, for example (conforming to the Saudi standard specifications or equivalent).

Global Inflationary Wave

Rising inflation across multiple countries due to supply chain issues, demand shifts, or monetary policies.

Qualified Supplier

Classification of the supplier in terms of its eligibility to award the bidding.

External Creditor Position

A country's position as a net creditor or debtor to other nations in terms of external financial obligations, including external debt and assets.

Economic Competitive Advantage

A sustainable competitive advantage that protects a business from competitors and ensures long-term profitability.

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