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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

Permitted Business Profile

The permitted business profile of a Capital Market Institution.

Tariff Nomenclature

A classification and coding system introduced by national administrations or Customs or Economic Unions to designate commodities or groups of related commodities for Customs tariff purposes.

Predictable

Something that can be anticipated or expected with a reasonable degree of certainty based on past trends, data, or evidence.

Bankability

The ability of a project to raise the necessary funding through long-term loans.

Competitive Exporting Base

A country's ability to produce and export goods competitively in global markets.

GCC Tariff and Customs Law

A law that involves adopting a unified customs law aimed at standardizing customs procedures across all customs administrations of the Gulf Cooperation Council (GCC) countries and enhancing cooperation among member states in the customs field.

Ability to Pay

A taxation principle stating that individuals and businesses should be taxed according to their financial capacity.

Termination of Contract

To cancel the contract with the contractor and withdraw the project as it breaches the terms of the contract.

Chapter

It is represented by first three digits of the entity code.

Cyberspace

The interconnected network of IT infrastructure, including the Internet, communication networks, and computer systems, and the virtual world it represents.

Vulnerability Risk

The potential exposure or susceptibility of an entity, system, or process to various risks or threats, often requiring risk assessment and mitigation measures.

Beneficiaries Base

A targeted demographic or group of people with similar interests, which make their interest in a product or service more likely.

Law of Diminishing Marginal Returns

An economic principle stating that as more of a variable input (e.g., labor) is added to a fixed input (e.g., capital), the additional output produced will eventually decrease.

Anti-Monopoly Law

Regulations designed to promote market competition and prevent monopolies or unfair business practices.

Acceptance of Root Cause Analysis & Corrective Action Plan

The acknowledgment and approval of the root cause analysis and the plan for corrective actions by the organization's Risk Department.

Promotion Decision

A decision issued by a government agency to promote an employee to a higher rank.

Contract Decision

A decision issued by the government agency to contract with the job applicant to work for it. through a contract.

Special Fund Resolution

A resolution requiring an affirmative vote of the unitholders of 75% or more of the units in the investment fund present or represented by proxy at a meeting of unitholders or by modern means of technology.

Ordinary Fund Resolution

A resolution requiring an affirmative vote of the unitholders of more than 50% of the units in the investment fund present or represented by proxy at a meeting of unitholders or by modern means of technology.

Unsecured Loan

A loan that does not require collateral and is granted based on creditworthiness.

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