Your gateway to comprehensive financial knowledge with more than 2000 financial and economic terms
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Raise the Price and Interest
Increases in prices, interest rates, taxes, or other related costs, which can impact financial planning and operations.
Payment Order Number
Payment order number allocated to the entity in the financial system.
Contract Reference Number
A reference number issued from Etimad platform. It will be added to each disbursement order submitted through the platform whether related to a project or a commissioning.
Unsubstituted Fungible
A digital asset that represents ownership of unique items using blockchain technology.
Chatbot
A computer program designed to simulate conversation with users, over the internet. Chatbots use artificial intelligence (AI) and natural language processing (NLP) to understand and respond to user queries in a conversational manner.
Tax Number
It is a fifteen-digit number that the establishment obtains after registering for a value-added tax or excise tax; it must appear in the invoice issued by the establishment and in the tax certificate.
Bid Reference Number
A number issued by the Etimad platform for each competition to track the competitor's procedures.
Invitation Reference Number
Private invitation number issued by Etimad platform sent to competitors to follow up on their status through Etimad platform.
Reference Number of Quotation
A number issued by Etimad for each bid raised by the bidders to follow up the status of the bidding through the tender system.
Activity Reference Number
A number issued by Etimad for activities of the competition.
Tax Lien
A legal claim by a government authority on a property or asset due to unpaid taxes, which can affect the property's sale or transfer until the tax debt is resolved.
Hybrid Mortgage
A mortgage that combines a fixed interest rate for a certain period with a variable rate thereafter.
Headwinds
External factors or obstacles that create resistance or challenges, potentially impeding progress.
Momentum
The strength and speed of a movement in a particular direction, often used in the context of financial markets and investments.
Log
A chronological record or detailed record of events, transactions, or data, which may be used for various purposes, including financial record-keeping.
ZAKATY
An optional service that enables individuals to pay Zakat in a smooth and easy way whether abroad or residents of Saudi Arabia through the electronic payment systems “SADAD” and “Mada”; in order to facilitate the payment of Zakat at any time and from anywhere.
Expropriation Appurtenance
Excess areas of state properties arising from projects of expropriation for public benefit.
Increase or Reduction of Contractors Obligations and Liabilities
It is a request by government entity to change some items in scope of work and obligations in accordance to the contract that has concluded between the two parties.
Site Visit
A physical inspection or site to gather information, conduct assessments, or verify conditions.
Confidentiality
Maintaining restrictions on access and disclosure of sensitive information.
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