Your gateway to comprehensive financial knowledge with more than 2000 financial and economic terms
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Grace/ Allowing Period
A specific timeframe during which a borrower is granted an extension or delay in making a scheduled payment, often without incurring penalties or additional interest charges.
Subprime Loan
A loan given to borrowers with poor credit history, typically at higher interest rates.
Clearing House (CHB) Rules
A set of rules, regulations, procedures and instructions proposed by the Clearing House Board (CHB) of Directors and approved by the Board of the Capital Market Authority.
Estimated Bidding Value
The expected bidding value based on the previous tender criteria of the same activity and duration.
Payment Orders Value
The total values of the payment orders in riyal issued from Etimad.
Efficiency
The ability to achieve the highest level of output or performance with the least amount of input, time, or resources.
State-Owned Enterprises (SOEs)
Organizations that are owned, controlled, or operated by a government or state authority.
Tadawul All Share Index (TASI)
tracks performance of all listed stocks on the Saudi Exchange main market.
Purchasing Managers' Index (PMI)
An economic indicator used to measure the economic activity of the industrial and services sectors, relying on monthly surveys of purchasing managers regarding business conditions such as production, employment, new orders, and prices.
Cash Accounting Basis
An alternative method for calculating and reporting Value Added Tax (VAT) based on the payment date for each supply.
Recession Risks
The negative effects arising from a slowdown in the economic activity, such as unemployment, job loss, decreased consumer purchasing power, and reduced investment.
Operational Risk
The risk of loss due to internal processes, systems, people, or external events, including fraud, errors, and disruptions, which can affect the organization's operations and financial stability.
Internal Auditing
A process that helps achieve an organization's objectives by adopting a systematic approach to evaluating and improving the effectiveness to governance, risk management, and compliance processes.
Economic Flexibility
An economy’s ability to adapt to external changes, such as technological advancements or market shifts.
Bidding Stage
Determining the current stage of the competition in terms of the procedures that have been completed.
Central Counterparty (CCP)
A central counterparty authorized in carrying out Securities Clearing activities in the Kingdom in accordance with the Capital Market Law and the Securities Central Counterparties Regulations.
Fiduciary Responsibility
A legal obligation where one party (like a financial advisor) must act in the best interests of another (like a client), prioritizing their financial well-being.
Economic Diversification Paths
Different strategies that economies adopt to achieve a more balanced and resilient structure.
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