Your gateway to comprehensive financial knowledge with more than 2000 financial and economic terms
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.
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.
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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