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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

Wealth Generation

The process of accumulating financial assets over time through investments and savings.

Quantitative Easing

A monetary policy used by central banks to stimulate the economy, involving the purchase of financial assets, such as bonds, to increase the money supply.

Financial Literacy

The ability to understand and use financial concepts effectively.

Customer-Centric Innovation Incubator

Space or a dedicated program for generating and nurturing ideas and solutions focused on customers.

Status of Disbursement Order

The status of the disbursement order from its creation until its approval (under approval, approved, returned).

Possession of Goods for Commercial Purposes

Possessing excise goods for the purpose of carrying out commercial activities, or any activities related thereto, or possessing excise goods in quantities exceeding the quantities specified by the Zakat, Tax and Customs Authority.

Open Banking Service

A banking system where third-party financial service providers securely access consumer data.

Deduction

An amount subtracted or withheld from a total, often in the context of taxes, expenses, or costs, reducing the overall amount or liability.

Line of Credit

A flexible loan arrangement where a borrower can access funds up to a certain limit, typically for short-term needs.

Stock Options

Contracts giving the right, but not the obligation, to buy or sell a stock at a specific price.

Comfort Letter

A document issued by a parent company to provide assurance or support to creditors or investors regarding the financial obligations of a subsidiary or affiliate.

Fixed Income

Are securities, such as bonds or certificates of deposit, that pay a fixed or predictable rate of interest, offering regular income to investors.

Zakat

A certain sum of money that Allah has imposed as a right for the poor. It is the third pillar of Islam and one of its obligations.

Commercial Registration

A document in which the contractor should apply and have it from the Ministry of Commerce. This document should be issued with the name and type of the commercial establishment, and the names and addresses of the owners; And their authorized activities.

Increased Localization

A shift toward producing goods and services locally rather than relying on global supply chains.

Increased Contributions

Higher financial or resource inputs, often referring to investments, taxes, or donations.

Interest Rate

The cost of borrowing money or the return earned on investments, often expressed as a percentage of the principal amount.

Zero-Coupon Bond

A bond that does not make periodic interest payments but is issued at a discount to its face value and pays the face value at maturity.

Special Bonds (BOSP)

A type of government bonds often issued for specific purposes, such as infrastructure projects or economic development.

Blockchain

A distributed and secure digital data storage system used to securely and transparently record and verify transactions and data across a network of connected computers.

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