kingdom budget landing image

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

Commodity

A basic good or raw material used in commerce, interchangeable with other goods of the same type.

Technological Infrastructure

The digital and physical systems that support economic and technological activities.

Profit and loss Statement (P&L)

A financial report summarizing revenues, costs, and profits over a period.

Multiplier Effect

A phenomenon where an initial increase in spending leads to a larger overall economic impact.

Fundamental Data

Essential financial and operational information about a company or investment, such as revenue, earnings, assets, liabilities, and other key indicators.

E-commerce

Buying and selling goods or services online through digital platforms and electronic transactions.

Stock Split

An increase in the number of shares by dividing existing shares, reducing the per-share price.

Term Life Insurance

A life insurance policy that provides coverage for a specific period.

Affiliate

A person who controls another person or is controlled by that other person, or who is under common control with that person by a third person. In any of the preceding, control could be direct or indirect.

Payment Order’s Date

The date of creation of payment order by the government body.

Abstract Update

A revision of property or financial records to reflect changes in ownership, valuation, or legal standing.

Consortium

A group of companies bidding together for a project. In a PPP this enables companies to bring together all capabilities required for the project (construction, operation, and financing).

Beneficiary Experience Improvement

Involves ongoing efforts to enhance and optimize the overall experience of customers. It is a strategic and iterative process that aims to identify areas for improvement, address pain points, and create positive, memorable interactions.

Technical Analysis

Technical analysis of the value of submitted offers to the government body by contractors or suppliers and to make sure that they are compatible with the requirements and the project need.

Economic Transformation

A significant change in the structure of an economy, often transitioning from agrarian to industrial or from industrial to a service-based economy.

Austerity Measures

Government policies aimed at reducing budget deficits through spending cuts, tax increases, or both.

Break-Even Analysis

A calculation to determine when total revenue equals total costs, resulting in no profit or loss.

Abatement

A reduction in financial obligations, such as taxes or penalties, to promote economic incentives.

Cash Outflows

The money spent or paid out by a business or individual to cover expenses, debts, or investments.

Application for Registration

The registration of shares with the Capital Market Authority (CMA) or, where the context permits, submitting an application for the registration of shares for direct listing on the Parallel Market.

Formation

The process of creating, establishing, or organizing a new entity, such as a business, organization, or institution, often involving legal and structural arrangements.

Global Ranking

A country’s or company’s position in global comparisons based on economic, social, or business metrics.

Financial Auditing

The process of examining and evaluating an organization's financial records, transactions, and data to ensure accuracy, compliance, and transparency.

Carbon Pricing

A policy tool that assigns a cost to carbon emissions to encourage reductions.

Transactions Pricing

Setting prices for controlled transactions, including but not limited to-the transfer of goods and services, loans, tangible and intangible assets, and the distribution of expenditures and profits.

Job Placement

Transfer and equations of jobs from one cadre to another.

Export of Goods

Supply of Goods from any Member State to outside of the GCC Territory in accordance with the provisions of the Common Customs Law, during the transitional period, an export of goods includes goods exported to any place outside of KSA territory.

Escalation

An increase or elevation in the intensity, level, or cost of a situation, issue, or conflict, often used in the context of price increases or disputes.

Beneficiary Touchpoint Experience Design

The strategic and intentional design of interactions and engagements of beneficiaries across various touchpoints.

Core Inflation

The change in the cost of goods and services excluding food and energy, providing a clearer picture of long-term inflation trends.

Instructions

Any instruction, election, acceptance or any other message of any kind sent or received by way of the Tadawul Trading System or the Tadawul Depositary System.

Budget Implementation Instructions

Financial rules and instructions that must be adhered to when government agencies implement the general budget, to ensure adherence to correct procedures.

Shareholder Circular

An official document sent to shareholders to enable them to vote in the relevant general assembly with knowledge and understanding.

Tax Avoidance

The use of legal methods and arrangements to exploit loopholes or tax incentives to minimize tax liability without committing a criminal offense.

Trading Halt

The temporary suspension of trading in the securities during the trading period.

Credit Report

A detailed document that summarizes an individual's or entity's credit history, including credit accounts, payment history, outstanding debt, and credit- related information, used by lenders and creditors to assess creditworthiness.

Oil Prices Volatility

Changes in the prices of crude oil in global markets due to fluctuations in supply and demand.

Assessment of Duties and Taxes

A determination of the amount of duties and taxes payable.

Marginal Cost

The additional cost incurred by producing one more unit of a good or service.

Blockchain Technology

The underlying system enabling secure and transparent digital transactions using cryptographic principles.

Financial Assessment

An analysis of the financial health, performance, or potential risks of a company or investment.

Borrowing Costs

Interest and other expenses incurred by an entity in connection with the borrowing of funds.

Absorption Cost

An accounting method that incorporates all direct and indirect manufacturing costs into the total cost of a product.

Approved Cost

The allocations that have been approved for nonannual program costs or project costs since the beginning of the program or project, or after any reduction or increase through reclassifications or reinforcements.

Extension of Contract

The government agency extends the term of the contract between it and the contractor.

Crowdfunding

A financing method where funds are raised from many individuals, typically via online platforms.

Microfinance

Financial services provided to low-income individuals or those without access to traditional banking.

Economic Competitiveness

The ability of a country or business to produce goods and services efficiently and compete in global markets.

Economic Forecasting

The use of data and models to predict future economic trends and performance.

Geopolitical Tension

Conflicts or power struggles between nations affecting global stability and markets.

Risk Allocation

Allocation responsibility for the consequences of risks to one of the parties in the contract.

Income Generation

Activities or investments that produce earnings or revenue, contributing to an individual's or organization's financial well-being.

Tax Evasion

All actions taken for the purpose of avoiding tax payments, in whole or in part, or performing actions that would unlawfully result in a tax refund.

Financial Balance of Contracts

The implementation prices of item should represent real and fair value of item.

Supply

Any form of supply of Goods or Services for consideration in accordance with the cases pro- vided for in Chapter Two of [the Unified VAT] Agreement.

Fourth Industrial Revolution

The fusion of digital, biological, and physical technologies, including AI, IoT, and automation.

Wage Stickiness

The resistance of wages to change despite shifts in supply and demand, often due to institutional factors like labor unions or minimum wage laws.

Credit Quality

The overall financial health and risk level associated with a borrower or financial instrument. It can affect credit ratings, interest rates, and the terms of lending.

Institutional and Regulatory Quality

The effectiveness and reliability of institutions and regulations in a country, which can influence economic and financial stability.

Quotation Status

The status of the supplier’s quotation, which shows whether the offer was received on the Etimad Platform or not (recipient / non-recipient).

Showing 721 to 780 of 1,886 entries.

Visitors

Searches

Last Modified Date: At Saudi Arabia Time
Was this page useful?

: 0 / 280

Please select at least one option.
(Read Only)

: 0 / 250

: 0 / 280

Please select at least one option.
(Read Only)

: 0 / 250