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

Net Present Value (NPV)

The difference between the present value of cash inflows and outflows of an investment.

Expression of Interest (EOI)

A tender document issued by the Contracting Authority to the market to identify the size of the targeted market and interest in the proposed Private Sector Participation (PSP) Project.

Request for Proposals (RFP)

A tender document issued to bidders by the Contracting Authority to request proposals in relation to the Private Sector Participation (PSP) Project.

Public-Private Partnership (PPP) Contract

The Public-Private Partnership (PPP) Contract, including any ancillary contracts.

Bid Evaluation

Examining offers financially and technically and the winner of the competition is announced.

Non-Performing Loan (NPL)

A loan where the borrower is unable to meet repayment obligations for a prolonged period.

Banking Sector

The portion of the financial system responsible for the management and circulation of money and credit, including commercial banks, investment banks, and other financial institutions.

Depository Center Rules

A set of rules, regulations, procedures and instructions proposed by the Board of Directors of the Depository Centre and approved by the Board of the Capital Market Authority.

Project Value on Contract

The total value of the project out of the total contract value.

Tender Specifications

A document that clearly, accurately and completely describes in detail what the government needs to purchase in order to provide them by the contractors and suppliers.

Economic Resilience

The ability of an economy to recover quickly from shocks or disruptions (like natural disasters, financial crises, or pandemics).

Financial Derivatives

Common and various financial instruments, one of their purposes is to reduce exposure to price fluctuation (such as interest rate, exchange rate, share prices and primary goods).

Justification for Disbursement

Legal and Identification documents needed in accordance to disbursement’s rules and regulations.

Weight Matrix

A data structure or mathematical matrix used to assign weights to different elements or variables, often in the context of calculations or analysis.

Payable Fees on Expatriate Employees

Fees on expatriate workers paid by the private sector companies in order to replace foreign workers with Saudis.

Reclassification between Entities' Budgets

Budgetary Reclassification of saving amounts with some elements of government entity budget (workers, compensation, goods and services, programs and projects) to elements need to support its appropriations for due payments of another government entity budget within a fiscal year.

Financial Resources

Total shares excluding cumulative preferred shares, any amounts credited to a share premium account, audited reserves, and revaluation reserves.

Return Curve

A graph that shows the relationship between interest rates and bond maturities.

Approved Budget

The amount approved with the issuance of the budget for disbursement at the state, sector, and agency levels for the budget year.

Financial Impact Tracking System

A system that lists all opportunities under consideration by the Expenditure and Projects Efficiency Authority, ensuring that the opportunity is monitored and documented from its inception as an idea until its financial impact is achieved.

Economic Growth

The change in the level of production of goods and services over a specific period, measured by comparing the percentage growth of GDP between two time periods.

Operating Profit Margin

The percentage of earnings before interest and taxes or operating profit to net sales.

Agent

Each person represents another person in his legal transactions.

Gross Fixed Capital Formation

The flows in fixed assets that illustrate the movement of assets into and out of the establishment, and includes fixed assets that the establishment acquires for use in achieving its purposes and not for the purpose of selling them or introducing them as raw materials in its production operations, such as residential and non-residential buildings, transportation equipment, furniture, machinery and equipment).

Private Transaction

Transaction involving the purchase and/or sale of shares carrying Voting Rights in any company listed on the Exchange, negotiated between the Offeror and selling shareholder(s) of the Offeree Company without making an Offer or involving the other shareholders or directors of the Offeree Company.

Financial Controller

Responsible for overseeing and analyzing the financial activities within an organization, ensuring compliance with accounting policies and financial regulations. They supervise the preparation of financial reports, monitor accounts, and manage budgets, ensuring accuracy and transparency in financial transactions.

Direct Access to Exchange Systems

A technical mechanism in the Securities Depository Markets Regulations that enables a person to enter orders directly into trading systems, without intervention or re-entry of orders by another person, for the purpose of executing transactions.

Venture Capital

Investment in early-stage companies with high growth potential, typically provided by private investors or venture capital firms. These investments are often in exchange for equity or ownership stakes in the company.

Debt Sustainability

The borrower's ability to manage and repay debt obligations without causing financial instability or default.

Contingent Asset

A possible asset that arises from past events, and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the entity.

Contract Start Date

If the contract is new, the contract start date shall be the first day of its performance. If the contract already exists at the time of registration, the contract start date shall be the date of its registration on Etimad.

Temporary Admission (ATA) Convention

The customs convention on the Temporary Admission (ATA) carnet adopted by the Customs Cooperation Council in Brussels in 1961.

Recessionary Economy

A slow-growing economy with weak demand and limited business activity.

Procedures

A set of established steps or actions that should be followed to complete a specific task, process, or operation efficiently and consistently.

Qualified Competent Authority Agreement

An agreement between authorized representatives of Countries Parties or jurisdictions that are parties to an international convention providing for the automatic exchange of country-specific reports between States Parties to the convention.

Operational-Level Agreement (OLA)

An internal agreement between departments or teams that defines responsibilities and service expectations.

Fund's Total Assets Value

The fund’s assets value that are valued based on the method of assets valuation stipulated in the fund’s terms and conditions.

Import Substitution

A policy aimed at reducing dependency on imports by encouraging domestic production of goods.

Usability Testing

A method of testing websites, applications, or any digital product, by observing real users as they attempt to perform certain tasks on those products.

Grey-Box Testing

Combines white-box and black-box testing, identifying defects due to improper structure or usage.

Investments and Operating Funds' Management

Making investment decisions for investment funds and clients’ portfolios in circumstances involving the exercise of discretion, and operating investment funds.

Liability Management

Strategies for managing and optimizing a company's debt and financial obligations to minimize risk and improve financial stability.

Cash Management

Managing all processes related to cash including collecting or exchange and usage of cash. It involves assessing market liquidity, cash flow, investments and setting the payment priority.

Capital Appreciation

An increase in the value of an asset or investment over time.

Reclamation

Cancelation of allocation and returning the same to the authorized entity.

Redemption

The process of repurchasing or retiring financial securities.

Hard Credit Inquiry

A credit check by lenders that can temporarily lower a credit score.

Negative Amortization

A loan repayment structure where unpaid interest is added to the principal balance.

Activity Form Name

The name of the sub-activity of the competition on the basis of which it will be offered by the government entity.

Share Issuance with the Suspension of Preemptive Rights

An offer of additional shares through a capital increase with the suspension of existing shareholders’ preemptive rights in the additional shares.

Intangible Asset

A non-monetary asset that lacks physical substance but possess economic value and contributes to generating of revenues.

Financial Assets

Assets that hold a monetary value and can be traded, including stocks, bonds, cash, and other instruments that generate revenue or are expected to do so.

Stock Buyback

A company's process of purchasing its own shares that are traded in the market from shareholders, in order to increase share value and earnings per share.

Structural Reforms

Policy changes aimed at improving economic efficiency and productivity.

Fixed Asset

Are long-term assets that a business or organization owns and uses for its operations, such as buildings, machineries, or equipment.

Restructuring

The process of reorganizing a company's operations, finances, or structure to improve its efficiency, profitability, or adapt to changing market conditions.

Exemption Related to Imports

Excise goods imported by travelers coming to Saudi Arabia along with their personal luggage are exempt from the tax if the goods are exempt from customs duties under the unified customs law.

Public Finance Obligations

Financial obligations on the government (existing or potential) based on regular tolls; they are not included in the approved state's general budget in the medium term. It might be financed from inside or outside the budget on a specific or unspecified date.

Custodian

A person who is authorized under the Capital Market Institutions Regulations to conduct the securities activity of custody.

Deflation

A decline in the general price level of goods and services, increasing the purchasing power of money.

Showing 241 to 300 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