Your gateway to comprehensive financial knowledge with more than 2000 financial and economic terms
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Transit Office
An office of a contracting party where a transport unit passes through during the transit process.
Zakat Payer
A natural or legal person who carries out an activity that is subject to Zakat, Tax and Customs' Regulations whether the activity is a sole proprietorship, a company, or whoever carries out a business activity under a license issued by a competent authority.
Zakat Payer Not Subject to Zakat
A Zakat payer who according to the Zakat, Tax and Customs Authority’s procedures has a certificate of “non-applicable to the levy of Zakat”.
Pricing Supplement
A document which contains the final terms of each debt instruments or convertible debt instruments issue which is intended to be listed.
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.
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