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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
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Most searched terms

Payment Order’s Date

The date of creation of payment order by the government body.

Abstract Update

A revision of property or financial records to reflect changes in ownership, valuation, or legal standing.

Beneficiary Experience Improvement

Involves ongoing efforts to enhance and optimize the overall experience of customers. It is a strategic and iterative process that aims to identify areas for improvement, address pain points, and create positive, memorable interactions.

Technical Analysis

Technical analysis of the value of submitted offers to the government body by contractors or suppliers and to make sure that they are compatible with the requirements and the project need.

Austerity Measures

Government policies aimed at reducing budget deficits through spending cuts, tax increases, or both.

Break-Even Analysis

A calculation to determine when total revenue equals total costs, resulting in no profit or loss.

Abatement

A reduction in financial obligations, such as taxes or penalties, to promote economic incentives.

Cash Outflows

The money spent or paid out by a business or individual to cover expenses, debts, or investments.

Application for Registration

The registration of shares with the Capital Market Authority (CMA) or, where the context permits, submitting an application for the registration of shares for direct listing on the Parallel Market.

Formation

The process of creating, establishing, or organizing a new entity, such as a business, organization, or institution, often involving legal and structural arrangements.

Global Ranking

A country’s or company’s position in global comparisons based on economic, social, or business metrics.

Financial Auditing

The process of examining and evaluating an organization's financial records, transactions, and data to ensure accuracy, compliance, and transparency.

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