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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.

Comparative Advantage

The ability of a country or company to produce goods at a lower opportunity cost than others.

Actual Taxable Use Percentage

It refers to the taxable usage of a Capital Asset during a twelve-month period, as a portion of total usage during that twelve-month period. This percentage is compared to the Initial Recovery Percentage to determine if an adjustment is required.

Collection Ratio

The percentage of the collected amounts from each payment channel from the total collected amounts.

Loan-to-Value Ratio (LTV)

A ratio that compares the loan amount to the appraised value of the property being purchased, often used in mortgage lending.

Rating Activities

Any of the following activities: data and information analysis with a view to a credit rating; and the evaluation and approval and issue and review of a credit rating.

Scope

The boundaries, or extent of work, activities, or objectives related to a project, task, or initiative.

Modern Portfolio Theory (MPT)

A theory that helps investors maximize returns while minimizing risks through diversification.

Secondary Expenses

Expenditure that facilitates or supports the implementation of the entity’s primary activity, and can be avoided without affecting the level of provision of key services to the entity.

Single Point of Contact

Implementing all communications through a specific person or department so that it is the focal point for all information.

Break-even Point

The level of sales or production at which a business neither makes a profit nor incurs a loss, covering all costs.

Broker Employee

An employee of a financial market institution who carries out trading activities on behalf of the financial market institution.

Marginal Propensity to Save (MPS)

The percentage of additional income that a household saves instead of spending.

Scarcity of Basic Commodities

The scarcity of basic commodities in the face of multiple needs.

Integrity

Protecting information from unauthorized modification or destruction and ensuring authenticity.

Dependency ratio

An indicator measuring the proportion of unproductive individuals in an economy.

Backup

Copies of files, data, and procedures used to recover from failures, data loss, or service interruptions.

Report Copy

The government entity budget after submitting the final draft to the Cabinet and reversing the instructions, which is the final copy that informs the government body thereof.

Securities Activity

Commercial and investment operations in the financial sector.

Outlook

An assessment or opinion by a credit rating agency regarding the future direction of a credit rating or an entity's creditworthiness, such as "Positive," "Negative," or "Stable."

Efficiency Wage Theory

A theory suggesting that higher wages can increase productivity by attracting better employees, reducing turnover, and improving morale.

Brent Oil

A widely used benchmark for oil prices, representing a blend of crude oils extracted from the North Sea. It influences global oil pricing and trading.

Wealth Transfer

The transfer of assets from one individual or generation to another, often by inheritance.

Abandonment

The voluntary surrender of an asset or investment, typically due to financial losses or legal complications.

Cyber Attack

Deliberate exploitation of computer systems and networks to cause damage or disruption.

Credit Growth

The rate at which lending, borrowing, or the supply of credit to individuals and businesses is expanding or contracting in an economy, which can impact economic activity.

Sustainable Growth

Growth that is consistent, balanced, and does not lead to economic instability.

Payroll File Type

Classification of the payroll file (monthly salary / other rights manager).

Operating Margin

A profitability metric measuring earnings before interest and taxes as a percentage of revenue.

Distributed Denial of Service (DDoS) Attack

An attempt to disable systems and services by overwhelming them with a flood of traffic from multiple sources.

Imports

Are goods, products, or services purchased from foreign countries and brought into the home country.

Unit

The share of any owner in any fund consisting of units or a part of it. Each unit shall be treated as a common share in the net assets of the Fund.

Measurement Unit

A unit for measuring bill of quantities items that have a unit of measurement such as (kilo, meter)

Duration Unit

It indicates the type of duration (year, month, or day).

Contractually Based Security

Contract-based securities, including options, futures, contracts for differences, long-term insurance contracts, and any right or interest in any of the above.

Contingent Liability Security

A derivative under the terms of which the client will or may be liable to make further payments when the instrument expires or the position is closed out.

Information Architecture

Creating a logical navigation structure that helps users find what they’re looking for without getting confused or frustrated.

Term Structure of Credit Spreads

A graphical representation of the yields or spreads of credit securities with different maturities, used to analyze credit market conditions and risk.

Organizational Structure

Total number of approved vacancies for the entity and distributed among the administrative units, which reflects the organizational structure of the entity.

User Interface (UI)

The space in which interactions between humans and computers occur. The goal of a good user interface is to make the interaction as simple and efficient as possible.

Merchandise Imports

It refers to all goods entering the country to meet its domestic needs after undergoing customs procedures, and the valuation is based on Cost, Insurance, and Freight (CIF).

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