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Re-Import
Importation into a Customs territory of goods previously exported from that territory.
Re-export
It refers to goods that have been previously imported and have undergone all customs procedures, and then re-exported without significant modification.
Insolvency
Actual insolvency or bankruptcy, or the commencement of any proceedings in respect of insolvency or bankruptcy under the Bankruptcy Regulations, or the commencement of any equivalent procedures in the Kingdom or in any other jurisdiction outside the Kingdom.
Dumping
The practice of exporting goods at below-market prices to gain market share and undermine competition.
Credit Obligation
A contractual commitment to repay borrowed funds or fulfill financial obligations, often associated with loans, bonds, or other credit arrangements.
Refused Payment Orders
Payment orders received from the government body and some observations are found in connection therewith, accordingly not recorded in the system, the government bodies are asked to get them back to address these observations.
Fund Sub-Custodian
A third party contracted by the custodian to perform some or all of the custodian’s functions in relation to an investment fund.
Local Production
The creation of goods or services within a specific region or country, rather than importing them.
Deferred Tax Liability
A tax obligation that a company owes but delays paying until a future period.
Physical Security
Measures to prevent unauthorized access to facilities, equipment, and protect individuals and property.
Returned Payment Order
Returned payments orders from the Ministry of Finance, which are received from government bodies to address the observations.
Productivity
The efficiency of production, typically measured as output per unit of input.
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