Your gateway to comprehensive financial knowledge with more than 2000 financial and economic terms
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Real Investment Growth
The actual increase in investments or capital expenditures made by a company or industry, indicating the expansion and development of productive assets.
Gross Profit Margin
A financial metric that expresses gross profit as a percentage of revenue, providing insight into a company's profitability and efficiency in producing goods or services.
Governance Model
A specific structure or framework designed to implement governance principles. It outlines the roles, responsibilities, processes, and decision-making mechanisms that make up the governance structure.
Job Adjustment Form
A form with a number of fields containing information about the job to be modified, either by creating, upgrading, downgrading, removing or amending the title, it should be filled out by the department requesting this amendment.
Commercial Paper
A debt instrument creating or acknowledging indebtedness that has a maturity of less than one year from the date of issue.
Tender Document
The tender documents for the privatization project include a request for expression of interest, a request for qualifications, a request for proposals, and a draft public-private partnership contract.
Cash Position
The actual amount of cash that is available in the accounts, and the expected expenses and revenues during a specified period, it is considered as one of the indicators of liquidity.
Allocation
The disbursement of funds for a purpose for which no budget line has been allocated, by using another approved budget item.
Examination and Assessment Procedures
The Zakat, Tax and Customs Authority (ZATCA) has the right to conduct an examination and assessment to verify that the taxpayer has fulfilled the obligations imposed under the Income Tax Law, and to correct or amend the tax stated in the declaration, ensuring consistency with the provisions of the Law, with the taxpayer being obligated to cooperate with ZATCA examiners and provide the requested information and documents. ZATCA also has the right to conduct a tax assessment if the taxpayer does not submit a declaration.
Household Expenditure
Household consumption expenditure is the value of spending on all goods and services consumed by members of the household during the reference period, and covers all cash expenditures on consumed goods and services in addition to the monetary value of consumption from in-kind income
Asset-Linked Recourse Debt Instrument
A debt instrument issued by a special purpose entity that entitles the holders of the debt instrument to a return determined as a percentage of the returns earned on the assets of the special purpose entity, and that the sponsor is obligated (whether by guarantee or otherwise) to the holders of the debt instrument to pay them amounts due under the debt instrument.
Corporate Finance Business
A financial field concerned with financial services and advice, offering, issuing, underwriting, repurchasing, exchanging, redeeming, or modifying the terms of securities or any related matter, and the manner in which any business is financed, structured, managed, controlled, regulated, or reported, or the terms of any of the foregoing, or relating to the persons conducting it, and any actual or proposed acquisition of control or related transactions, and mergers, demergers, or restructurings.
Merger
A transaction involving a publicly traded target company, resulting in the acquisition of the offeree company by another publicly traded company, the acquisition of the offeree company by another unlisted company, or the creation of a new legal entity through the merger of two or more companies (including the offeree company).
Legal Transaction
The tendency of the will to have a specific legal effect, and this effect is represented by the creation of a right that results from it. For example, the contracts concluded with the transfer of ownership of real estate between two parties, as it is a legal act based on the convergence of two wills, and a system that acquires real rights. The same applies to the will, as it is a legal act based on a unilateral will, and it also acquires specific rights.
Import Duties and Taxes
Customs duties and all other duties, taxes or charges which are collected on or in connection with the importation of goods, but not including any charges which are limited in amount to the approximate cost of services rendered or collected by the Customs on behalf of another national authority.
Collection of Zakat
The State represented by the Zakat, Tax, and Customs Authority (ZATCA), shall calculate the Zakat of funds subject to the Zakat, collect such funds from the Zakat payers subject to it, and transfer to the Social Security Agency for disbursement to the beneficiaries of social security.
Tendering Plan
A plan that includes the technical components of the Private Sector Participation (PSP) Project, its tendering procedures and the management of the tendering process, the applicable evaluation procedures and criteria, the Tender Documents and appendices thereto which shall be aligned with the needs of the PSP Project and achieving its objectives.
Control Plan of Budget Preparation Project
A plan that includes the activities that are carried out to monitor the budget preparation project, also monitoring schedule, the mechanism used to monitor the activities of the budget project and the performance indicators used, in addition to the concerned authorities in the monitoring process.
Financial Control
Policies, procedures and means by which operations with financial impact, are monitored and controlled, also to make sure that the internal control systems are working with the highest degree of accuracy, efficiency and effectiveness, in addition to checking the entity’s compliance with the relevant laws, regulations, manuals, instructions and decisions.
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