Your gateway to comprehensive financial knowledge with more than 2000 financial and economic terms
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Development Projects
Initiatives aimed at improving infrastructure, industries, or social services to foster economic growth.
Troubled Bank Unable to Lend
A financially struggling bank that continues operating due to government support despite being insolvent.
General and Administrative Expenses
The costs incurred by an organization to support its overall operations, including salaries, office rent, utilities, and other non-production expenses.
Category Determination Criteria
The criteria set out in Annex 28 of the Rules on the Offer of Securities and Continuing Obligations, which are used to determine whether a transaction constitutes a significant transaction requiring shareholders’ approval.
Current Accounts Reconcilement
The process of The reconciliation of ministerial checks, issued by the Ministry, paid by the Saudi Central Bank and the reconciliation of the revenues by government bodies for the Ministry of Finance current accounts in the Saudi Central Bank.
Transaction
Any arrangement, understanding, agreement, or mutual practice whether or not legally enforceable undertaken between two or more Persons.
Flat Reward
A reward's structure where partners are paid a fixed amount of money for a sale, as opposed to a percentage of the deal.
Main Contractor
The main person is the one who are assigned by awarding or direct approval to do the work.
Loading Office
An office located in the territory of a contracting party that has the authorities to place customs seals on the transport units for transit purposes.
Beneficial Ownership
A natural person(s) who ultimately own(s) or control(s) the funds of the clients or on whose behalf a transaction or activity is being conducted. It also incorporates those persons who exercise ultimate effective control over a legal person or arrangement.
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