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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

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أ ب ت ث ج ح خ د ذ ر ز س ش ص ض ط ظ ع غ ف ق ك ل م ن ه و ي

Most searched terms

Security Dealing

To deal in a security, whether as principal or agent, and dealing include the sale, purchase, manage the subscription for or underwriting securities.

Direct Authorization

A direct purchase order authorizing the government entity to skip conducting the agreement and get by with the mutual correspondences if the contract value does not exceed one hundred thousand Saudi Riyal according to Government Tender and Purchasing Law.

Avoidance of Additional Costs

Indirect financial impact resulting from proactively approving costs and committing to non-priority capital projects or operating expenses.

Hyperinflation

Extremely high and typically accelerating inflation, eroding the real value of currency.

Brand Enhancement

The natural social behavior of individuals to share a positive impression of a brand by any means.

Loan Estimate

A document provided by lenders outlining the terms, interest rates, and closing costs of a loan.

Biding

The financial and technical offer that the supplier or contractor submits to the government body according to the specifications and conditions for obtaining the competition.

Annual Report

A comprehensive document outlining the company's operations and financial performance over the past year.

Demerger

A process through which a listed company is demerged into two or more companies in according with the Companies Law. A Demerger could take the form of a Spin-Off or a Split-Off.

Information Technology (IT)

The use of technology to store, process, transmit, and retrieve information in an organization or individual context.

Submit Closure Report

The process of preparing a report that provides evidence of the successful implementation of corrective actions and justifies the closure of the incident.

Detailed Expenses Report

The process of monitoring all expenditures under payment orders from government agencies for which a transfer or check has been issued by the Saudi Central Bank.

Insurance Technology (Insurtech)

The use of technology to improve and innovate insurance products, services, and processes.

Customer-Based Corporate Valuation (CBCV)

The process of valuing an organization by forecasting current and future customer behavior using customer data in conjunction with traditional financial data.

Deemed Cost

An amount used as a surrogate for acquisition cost or depreciated cost at a given date.

Free Cost

Costs after adjustment in which contracts costs are subtracted in the Etimad platform and the disbursed amount (out of contracts allocations), reserved amounts, and non-carried forward expenses are also subtracted.

Green Finance

Financial investments that are aimed at supporting environmental sustainability, such as renewable energy projects or low-carbon technologies.

Financing by Equity

Raising capital by selling shares of a company, rather than taking on debt. Investors receive ownership stakes and potential profits in return.

Structured Finance

A financial field that involves the creation of complex securities, often backed by pools of assets, such as mortgages or loans, and designed to meet specific investor preferences and risk profiles.

Sustainable Development

Development that meets the needs of the present without compromising the ability of future generations to meet their own needs.

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