Financial and Economic Dictionary

Emerging Economies

Countries experiencing rapid economic growth, transitioning from developing to developed economies, with improvements in infrastructure, industry, and increased foreign investments.

Cash Concentration

It is the transfer of funds from diverse accounts into a central account to improve the efficiency of cash management and liquidity.

Circular Carbon Economy

A sustainable economic model that focuses on reducing, reusing, recycling, and recovering carbon to minimize environmental impact.

Economic Productivity

The efficiency of resource use in producing goods and services, measured as output per unit of input.

Platform Economy

An economic model that relies on digital platforms (apps or websites) to connect individuals or businesses with each other to exchange goods or services. In this model, the platform does not own the products or services itself, but facilitates the exchange between users.

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Cartel

A group of businesses or countries that coordinate to control prices and limit competition.

Customs Warehousing Procedure

A Customs procedure under which imported goods are stored under Customs control in a designated place (a Customs warehouse) without payment of import duties and taxes.

Judicial Jurisdiction

Legal authority of a court to hear and decide cases within a defined geographical area, including the organizational and legal boundaries that govern its operation and rules.

Job Performance

An employee's effectiveness and productivity in carrying out their work tasks and responsibilities.

Affiliated Management

It is represented by three-digit numbers of the entity code, which identifies the name of the main department in the entity.

Portfolio Management

The professional management of investment portfolios to achieve specific financial goals.