Your gateway to comprehensive financial knowledge with more than 2000 financial and economic terms
Most searched terms
Branch
It is represented by three digits of the entity code, which identifies the branch (region) name of the entity.
Corruption
Dishonest or unethical behavior, such as bribery or fraud, often involving individuals or institutions in positions of authority, and can have financial and legal implications.
Separation of Duties
A control mechanism in which tasks or responsibilities are divided among multiple individuals or departments to prevent fraud and errors.
Economic Bubble
A situation where asset prices rise significantly above their intrinsic value due to speculation.
Permitted Business Profile
The permitted business profile of a Capital Market Institution.
Tariff Nomenclature
A classification and coding system introduced by national administrations or Customs or Economic Unions to designate commodities or groups of related commodities for Customs tariff purposes.
Predictable
Something that can be anticipated or expected with a reasonable degree of certainty based on past trends, data, or evidence.
Bankability
The ability of a project to raise the necessary funding through long-term loans.
Competitive Exporting Base
A country's ability to produce and export goods competitively in global markets.
GCC Tariff and Customs Law
A law that involves adopting a unified customs law aimed at standardizing customs procedures across all customs administrations of the Gulf Cooperation Council (GCC) countries and enhancing cooperation among member states in the customs field.
Ability to Pay
A taxation principle stating that individuals and businesses should be taxed according to their financial capacity.
Termination of Contract
To cancel the contract with the contractor and withdraw the project as it breaches the terms of the contract.
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