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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

Long-Term Insurance Contract

Any long-term insurance contract that spans an extended time period, encompassing all contracts specified by the Capital Market Authority (CMA).

Contract for Differences

Any contract for differences or any other contract whose express or intended purpose is to secure a profit or avoid a loss resulting from fluctuations in the value or price of any asset of any description, or an index or other factor specified for that purpose in the contract.

New Contract

A contract that has been registered / approved on Etimad and is disbursed through the platform.

Compensating Contract

The contract that gives rise to a free and voluntary obligation between the contracting parties to perform their counterpart obligations by taking and bidding to own an item, to utilize a benefit, a service, or to acquire a financial right.

Barter Contract

A contract whereby there is an obligation on each of the contracting parties to transfer to the other, by exchange, the ownership of a money that is not money.

Economic Sanction

Restrictions imposed by one country (or group of countries) on another to influence political or economic behavior.

Supply Contracts

A contract concluded between the entity and supplier to supply certain commodities as per the entity's needs.

Estimated Useful Life

The expected period of time of the capital asset during which the asset is available for use by the taxable person in his economic activities.

Currency

The unit of exchange in which the contract is registered.

Quote Currency

The currency that is used to define the value of one unit of another currency, also known as the counter currency.

Deleted Payment Process

Any payments whose fees were not included in the total amount that have been deducted during the period.

Retail Client

Any client who is not a qualified client or an institutional client.

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