Your gateway to comprehensive financial knowledge with more than 2000 financial and economic terms
Most searched terms
Scorecard
A visual or tabular performance measurement tool used to track and evaluate progress, often using key performance indicators (KPIs).
Local Bank
An institution that has received a license to engage in banking business in accordance with the Laws of the Kingdom.
Commissioning Start
On completion of construction, the process of testing to ensure the Private Party has met all preconditions necessary to commence operations.
Commodity
A basic good or raw material used in commerce, interchangeable with other goods of the same type.
Technological Infrastructure
The digital and physical systems that support economic and technological activities.
Profit and loss Statement (P&L)
A financial report summarizing revenues, costs, and profits over a period.
Multiplier Effect
A phenomenon where an initial increase in spending leads to a larger overall economic impact.
Fundamental Data
Essential financial and operational information about a company or investment, such as revenue, earnings, assets, liabilities, and other key indicators.
E-commerce
Buying and selling goods or services online through digital platforms and electronic transactions.
Stock Split
An increase in the number of shares by dividing existing shares, reducing the per-share price.
Term Life Insurance
A life insurance policy that provides coverage for a specific period.
Affiliate
A person who controls another person or is controlled by that other person, or who is under common control with that person by a third person. In any of the preceding, control could be direct or indirect.
Payment Order’s Date
The date of creation of payment order by the government body.
Abstract Update
A revision of property or financial records to reflect changes in ownership, valuation, or legal standing.
Beneficiary Experience Improvement
Involves ongoing efforts to enhance and optimize the overall experience of customers. It is a strategic and iterative process that aims to identify areas for improvement, address pain points, and create positive, memorable interactions.
Technical Analysis
Technical analysis of the value of submitted offers to the government body by contractors or suppliers and to make sure that they are compatible with the requirements and the project need.
Austerity Measures
Government policies aimed at reducing budget deficits through spending cuts, tax increases, or both.
Break-Even Analysis
A calculation to determine when total revenue equals total costs, resulting in no profit or loss.
Abatement
A reduction in financial obligations, such as taxes or penalties, to promote economic incentives.
Cash Outflows
The money spent or paid out by a business or individual to cover expenses, debts, or investments.
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