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Subordination
A feature in debt instruments that ranks the claims of certain creditors or bondholders below those of others in the event of a default or liquidation.
Structural Change
A sustainable shift in the structure of the economy from reliance on a single sector or main source of income (such as oil or agriculture) to a diversified economy based on multiple sectors with higher productivity.
Cash Concentration
It is the transfer of funds from diverse accounts into a central account to improve the efficiency of cash management and liquidity.
Pricing
The process of determining the value or cost of a product, service, or financial instrument, often influenced by supply and demand, competition, and market conditions.
Number Sequence
It is represented by three digits of the entity code, which identifies the number of main departments in the entity.
Administrative Settlement of Customs Offence
The procedure established under national legislation under which the Zakat, Tax and Customs Authority is empowered to resolve a misdemeanor either through adjudication or by means of a settlement.
Functional Settlement
Matching the updated and transferred jobs during the fiscal year to the cadre of government entity.
Compromise Settlement
An agreement pursuant to which the Zakat, Tax and Customs Authority, in accordance with its granted powers, consents to waive legal proceedings related to a customs offense, provided that the person involved in the offense complies with specified conditions.
Data and Information Classification
The process of categorizing data and information based on sensitivity levels for security controls.
Functional Classification (COFOG)
The classification of expenses (expenditures and transactions on non-financial assets) depending on the functions, which the government seeks to achieve according to the government financial statics and the requirements of the international monetary funds.
Transitory Inflation
Temporary inflation caused by short-term factors that are expected to subside over time.
Acceleration
A clause in financial agreements that allows a lender to demand full repayment under specific conditions.
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