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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

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.

Environmental, Social, and Governance (ESG) Considerations

ESG considerations refer to the evaluation of a company's impact on the environment, society, and corporate governance practices, often used for responsible investing and risk assessment.

Suggestion

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

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