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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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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

Gross Profit Margin

A financial metric that expresses gross profit as a percentage of revenue, providing insight into a company's profitability and efficiency in producing goods or services.

Governance Model

A specific structure or framework designed to implement governance principles. It outlines the roles, responsibilities, processes, and decision-making mechanisms that make up the governance structure.

Job Adjustment Form

A form with a number of fields containing information about the job to be modified, either by creating, upgrading, downgrading, removing or amending the title, it should be filled out by the department requesting this amendment.

Commercial Paper

A debt instrument creating or acknowledging indebtedness that has a maturity of less than one year from the date of issue.

Tender Document

The tender documents for the privatization project include a request for expression of interest, a request for qualifications, a request for proposals, and a draft public-private partnership contract.

Cash Position

The actual amount of cash that is available in the accounts, and the expected expenses and revenues during a specified period, it is considered as one of the indicators of liquidity.

Allocation

The disbursement of funds for a purpose for which no budget line has been allocated, by using another approved budget item.

Examination and Assessment Procedures

The Zakat, Tax and Customs Authority (ZATCA) has the right to conduct an examination and assessment to verify that the taxpayer has fulfilled the obligations imposed under the Income Tax Law, and to correct or amend the tax stated in the declaration, ensuring consistency with the provisions of the Law, with the taxpayer being obligated to cooperate with ZATCA examiners and provide the requested information and documents. ZATCA also has the right to conduct a tax assessment if the taxpayer does not submit a declaration.

Household Expenditure

Household consumption expenditure is the value of spending on all goods and services consumed by members of the household during the reference period, and covers all cash expenditures on consumed goods and services in addition to the monetary value of consumption from in-kind income

Asset-Linked Recourse Debt Instrument

A debt instrument issued by a special purpose entity that entitles the holders of the debt instrument to a return determined as a percentage of the returns earned on the assets of the special purpose entity, and that the sponsor is obligated (whether by guarantee or otherwise) to the holders of the debt instrument to pay them amounts due under the debt instrument.

Corporate Finance Business

A financial field concerned with financial services and advice, offering, issuing, underwriting, repurchasing, exchanging, redeeming, or modifying the terms of securities or any related matter, and the manner in which any business is financed, structured, managed, controlled, regulated, or reported, or the terms of any of the foregoing, or relating to the persons conducting it, and any actual or proposed acquisition of control or related transactions, and mergers, demergers, or restructurings.

Merger

A transaction involving a publicly traded target company, resulting in the acquisition of the offeree company by another publicly traded company, the acquisition of the offeree company by another unlisted company, or the creation of a new legal entity through the merger of two or more companies (including the offeree company).

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