kingdom budget landing image

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

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
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

Project Quality Management

An area of knowledge in project management focused on ensuring project quality by defining, assessing, monitoring, and achieving product quality through specific processes and activities.

Quarterly Earnings

The financial results and profits disclosed by listed and publicly traded companies on a mandatory quarterly basis, typically presented to shareholders and investors.

Privileged Access Management (PAM)

Managing high-risk privileges to minimize the risk arising from misuse.

Temporary Admission (ATA)

Temporary importation subject to re-export, without payment of taxes or import duties, and not subject to import restrictions or prohibitions.

Customer Feedback Management Tools

Applications, and software designed to collect, analyze, and manage feedback from beneficiaries across various channels.

Customer Analytics Tools

A set of tools and technologies designed to collect, process, and analyze data related to beneficiary interactions and behaviors.

Survey

A research tool used to collect data from beneficiaries or customers by asking a set of questions to understand their opinions and satisfaction with a specific service.

Catalytic Investment

Investments aimed at generating social or environmental benefits alongside financial returns.

Daily Basis

Actions or events that occur on a daily or routine schedule, often used in the context of daily financial transactions or reporting.

Alternative Investment

Investments in assets other than traditional stocks, bonds, or cash, such as real estate, private equity, hedge funds, commodities, or collectibles.

Blue Ocean Strategy

A strategy that focuses on creating new markets with little or no competition.

User Experience (UX) Strategy

The plan or approach that organizations adopt to ensure that their User Experience (UX) efforts align with business goals and user needs. It involves defining a clear vision for how the user experience will contribute to the overall success of a product, service, or system.

Customer Experience Strategy

A comprehensive plan developed to enhance and improve the overall experience of beneficiaries when interacting.

Political Stability

A measure of the stability and predictability of a country's political environment, which can impact investment and financial decisions.

Import

The act of bringing or causing any goods to be brought into a Customs territory.

Red Ocean Strategy

A strategy that operates in existing markets where companies compete for market share, leading to intense competition.

Customs Duty Refund

An amount of import duties and taxes repaid under the drawback procedure.

Customer Win-Back

Strategic efforts by organizations to re-engage and regain customers who have stopped using a product or service or become inactive.

Digital Colonialism

The control and dominance of digital infrastructure, data, and technology by powerful corporations or nations.

Oil Prices

The monetary value at which a barrel of crude oil is sold in the global markets.

Brent Oil Prices

The price of Brent crude oil, a major trading classification of sweet light crude oil, used as a major trading classification for global oil prices.

Unsecured Issuances

Financial instruments, such as bonds or loans, that do not have specific collateral or assets pledged as security for repayment, relying on the issuer's creditworthiness.

Prevailing Prices

Benchmarking of all similar projects to determine the prevailing price.

Independent Persons

Persons that are not related persons or persons under common control.

Quick Assets

A measure of an entity's ability to meet its short-term financial obligations using its most liquid assets, excluding inventory.

Sender Policy Framework (SPF)

An email authentication protocol to prevent phishing attacks.

Suggestion

A recommendation or idea provided by a beneficiary or user to improve a product, service, or process.

Tax Reforms

Changes to tax policies aimed at improving efficiency, fairness, or revenue collection.

Sovereign Net Foreign Assets (SNFA)

A measure of a country's international financial position, indicating the value of its foreign assets minus its foreign liabilities.

Tangible Assets

Assets that have a physical form or substance. Tangible assets include both fixed assets, such as machinery, buildings, and land, and current assets, such as inventory of goods and crops.

Supply Chain Disruption

Interruptions in the flow of goods and services due to external factors.

Reevaluation

A process through which the estimated value of assets including properties, economic facilities, machinery, equipment, or any movable property, except securities, is updated based on a specific valuation standard and for a specific purpose.

Objection

A formal procedure made to the relevant committee or judicial body by a taxable person to an assessment or decision issued by the authority.

Incident Closure

The final step in the incident management process, indicating that the incident has been satisfactorily resolved and closed.

Releasing

Taking the excise goods out of the suspended status to the taxation status, and from the tax depository to the markets to be available for customers.

Divisions

Distinct units or segments within an organization, each responsible for specific functions, products, services, or geographic regions.

Fixed Liability

Represent long-term financial obligations that an entity is committed to over an extended period, often including long-term loans, bonds, or other contractual debts.

Deregistration

The request submitted by the taxpayer to cancel his registration once he stops practicing any of the activities that require registration, or if the registration requirements are no more applicable in accordance with the relevant laws, regulations, and instructions.

Accessibility

Services should be easily accessible to all users, covering inclusivity, equality, and providing or engaging ease of access.

Registered Payment Order

Total value of the registered payment orders by which the undisbursed balance item is attached.

Information Security

Information Security is basically the practice of preventing unauthorized access, use, disclosure, disruption, modification, inspection, recording or destruction of information by providing the necessary means and methods to protect it from internal and external risks.

Funds Subject to Zakat

Any funds resulting from any business established for the purpose of earning money, whether it is commercial, industrial.....etc.

Industrial Production

The output of manufacturing, mining, and utilities sectors, indicating the level of industrial activity in an economy.

Crude Oil Production

The process of extracting crude oil from oil wells or held within a country, which significantly impacts government revenues.

Government Activities

The activities listed in the government's final accounts, and entities that provide non-market services and are controlled by the government.

Revitalization

Efforts to boost economic activity and growth in a declining industry or region.

Personal Spending

The amount of money an individual or household allocates to cover personal expenses and consumption, including daily living costs and discretionary purchases.

Inefficiencies

Shortcomings, waste, or weaknesses in processes or operations that hinder productivity or result in resource underutilization.

Title Deeds

Legal documents that establish ownership of a property or asset, often used as collateral for loans or to prove property rights.

Vision Realization Programs

Initiatives, projects, and programs that aim at achieving the economic and social targets of the Saudi Vision 2030. The Council of Economic and Development Affairs monitors its performance and implementation.

Eligible Used Goods

Goods prescribed by ZATCA as eligible for calculating VAT based on profit margin.

Imported goods being valued

The goods being valued for customs purposes.

Restricted Goods

Any goods the import or export of which is restricted under the provisions of the Common Customs Law for GCC States or any other law.

Manifest

A document containing a full description of the goods carried on the various means of transport.

Identical Goods

They mean goods that are similar in all respects, including physical characteristics, quality and goodwill. Minor differences in appearance would not preclude goods otherwise conforming to the definition from being regarded as identical.

Prohibited Goods

Any goods the import or export of which is prohibited under the provisions of the Common Customs Law for GCC Countries or any other law.

Country of Origin

The country that manufactures the items stated in the bill of quantities, and shown by the bidders.

Bill of Lading

A legal contract that serves three functions: a receipt for the goods, a document of title, and proof of the contract of shipment of goods. This is a document prepared and issued by a shipping company when goods being exported are shipped by sea.

Annual Financial Statements

The purpose of an annual financial statement is to provide a reliable picture of a company's economic situation including assets, liabilities and financial results.

Negative Assurance

A form of assurance where an auditor expresses a lack of evidence to support specific assertions, typically used in review engagements.

Showing 1,081 to 1,140 of 1,886 entries.

Visitors

Searches

Last Modified Date: At Saudi Arabia Time
Was this page useful?

: 0 / 280

Please select at least one option.
(Read Only)

: 0 / 250

: 0 / 280

Please select at least one option.
(Read Only)

: 0 / 250