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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

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Most searched terms

Mortgage-Backed Security (MBS)

Investment financial instruments backed by a pool of mortgage loans that are bundled together and converted into tradable securities in financial markets.

Financial Technology (Fintech)

New technology that seeks to improve and automate the delivery and use of financial services.

Final Guarantee

A guarantee submitted by the contractor or supplier, whom the competition has been awarded, to prove to the government entity that it is willing to do the work according to the terms of the contract.

Net Book Value

The carrying value of capital assets as reported on the commercial books, according to the accounting principles generally accepted in the Kingdom.

Contract Value

The costs of the registration of contract in Etimad (the costs of the original contract in new contracts, or the remining of the contract costs when registered on Etimad for existing contracts).

Listing Rules

Listing Rules and Requirements established by the Exchange for regulating corporate securities listing procedures

Implementing Regulation

The necessary detailed rules that interpret the provisions of the law and serve as a reference guide when formulating policies and regulations within the establishment.

Grant

Cash or in-kind transfers from one governmental unit or international organization to another governmental unit or international organization.

Debt

An amount of money borrowed by an individual, organization, or government that is typically required to be repaid with interest at a future date.

Item Name

Name of revenue, expense, program or project that illustrates the nature of the economic activity (salaries, allowances, maintenance and cleaning, construction and restoration, or other).

Economic Impact

The effect of economic activities, policies, or events on businesses, industries, and individuals.

Government Reserves

The funds held by the government at the Saudi Central Bank to provide a financial buffer for emergencies and support the sustainability of public finances in the medium and long term.

Wealth Management

Professional financial services that help individuals grow and protect their wealth.

Investment

Spending on capital assets over a period of time, in order to achieve a net increase in the real capital of the Saudi economy. The investment is either made by individuals or companies or financed by governments.

Subsidies

Current transfers paid by government units to project either based on their production activates or quantities or values of the goods or services they produce, sell or import, including transfers to public companies.

Documentary Credits

Credits opened by the Saudi Central Bank with its correspondents abroad based on instructions issued by the Ministry of Finance to implement specific purposes.

Insurance

A contract in which one party (the insurer) agrees to provide financial protection or compensation to another party (the insured) in the event of specified risks or losses.

Allocation

Placing any state property at the disposal of a government agency to achieve a public service or benefit.

Credit Rating

An assessment issued by a specialized agency to measure the borrowing entity's — whether a country or a company — ability to meet its financial obligations and repay its debts on time. It estimates the financial solvency of the country or company.

Covering Non-Oil Revenues From the Total Budget

This indicator measures the ratio of non-oil revenue to total government spending to track the coverage of more sustainable and stable revenues, such as taxes, fees, and fines, for estimated expenditure requirements and to reduce dependence on oil revenue.

Duties and Taxes

Import duties and taxes and/or export duties and taxes.

Loan Creditor

An entity or individual that provides funds to a borrower in the form of a loan and is owed repayment, often with interest, by the borrower.

Bonds

Bonds are debt securities issued by governments, corporations, or other entities to raise capital. Bondholders receive regular interest payments and the return of principal at maturity.

Goods

All types of material property (material assets), including water and all forms of power including electricity, gas, lighting, heating, cooling and air conditioning.

Goods and Services

The total value of goods and services purchased by a government sector to be used in the production process or acquired for resale, less the net change in stocks of those goods and services.

Approved Liquidity

The amount approved with the issuance of the budget for spending on general expenditures, programs and projects for the budget year.

Contract

An official contract document between the contractor and the government agency.

Interest

The return or cost of borrowing money for a specific period of time, calculated as a percentage of the original amount (principal).

Allocation Decision

A decision issued by an authorized person in the relevant authority regarding placing a state property at the disposal of a specific entity.

Appropriated

A liability of uncertain timing or amount.

Annual Interest Rate (APR)

A measure of the cost of borrowing expressed as a percentage, including interest rate and additional fees or costs.

Type of Financial Request

The type of financial claims issued, including: contract claims, trust and advance claims, exceptional claims, billing claims ...etc.

Capacity and Demand Methodology

An analytical tool and approach used to assess the feasibility of a proposed project by studying and calculating the current and future demand for a specific asset category, as well as the current and future asset capacity. It identifies gaps by determining the difference between demand and capacity.

Fiscal Support

Government financial aid to boost economic activity, such as subsidies or stimulus packages.

Capital Assets

Tangible and intangible assets that form part of a business's assets and are intended for long-term use as a business tool or investment vehicle.

Collateralized Debt Obligation (CDOs)

Financial instruments backed by a pool of loans, often mortgages or corporate debt.

Synthetic Collateralized Debt Obligation (CDO)

A type of collateralized debt obligation (CDO) that is created using derivatives and financial instruments, rather than actual physical assets or loans.

Microeconomic

The branch of economics that focuses on individual and business decision-making.

Contingent Liability

Are potential financial obligations that may or may not materialize, depending on the outcome of future events, contractual terms, or legal disputes.

Direct Financial Impact

The difference between the actual cost before conducting the study and issuing recommendations, and the realized cost after the approval and implementation of the recommendations.

Showing 81 to 120 of 1,886 entries.

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