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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

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Most searched terms

Transit Process

Transport of goods from Customs release office to destination office.

Customs Transit

The customs procedure under which goods are transported under customs control from one Customs office to another.

Number of Transaction after Settlement

The number of entity payments after settling the amounts.

Number of Awarded Suppliers

Number of contractors or suppliers (primary, secondary) that the competition has been awarded.

Unsolicited Proposals

A proposal relating to a privatization project that was not submitted in the context of a request for proposals.

Service Request

A request from a beneficiary to obtain a specific service or assistance. This may include requests for technical support, maintenance, or any other services provided.

Inelastic Demand

When the quantity demanded of a good does not change significantly with price fluctuations.

Durable Goods Orders

Requests for long-lasting consumer or industrial products, such as appliances or machinery, which can indicate economic activity and trends.

Number of Invitations

The number of suppliers of each invitation.

Number of Transactions

The number of transactions for payment that have been made during the specified period.

Number of Transactions Before Settlement

The number of payments made to the entity before amounts are settled.

Beneficiary-Centric Value Offering

Articulating the unique value that the product or service provides to meet customer needs.

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