Your gateway to comprehensive financial knowledge with more than 2000 financial and economic terms
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Global Shock
Sudden global disruptions, such as financial crises, pandemics, geopolitical conflicts, as well as natural disasters and developments in climate change.
Explicit
Something that is clearly and openly stated, expressed, or defined without ambiguity or vagueness.
Exchange Deal
Financial contracts in which two parties agree to exchange cash flows or financial instruments, often used for managing interest rate or currency risk.
Worker Data Boxes
A system for organizing and analyzing workforce-related data for decision-making.
Sovereign Wealth Fund
A Government-owned investment fund derived from surplus revenues.
Predictive Maintenance
Utilizing technologies and devices to forecast failures, determine the timing of required maintenance, or both.
Deductible Input Tax
Input Tax that may be deducted from Tax Due on supplies for each Tax Period in accordance with the Agreement and Local Law.
Output Tax
The tax due and chargeable on any taxable supply of goods or services made by a taxable person. This is usually collected by the person making the supply.
Sales Tax
An indirect tax imposed on the sale of goods and services to the final consumer. It is usually collected by the seller at the point of sale and then remitted to the government.
Property Collateral
An asset or property offered as security for a loan or credit arrangement. It serves as a backup source for repayment in case the borrower defaults.
Private Party
A private legal person that is party to a privatization contract with the government.
Aggregate Demand
The total demand for goods and services in an economy at a specific price level during a defined period of time.
Request submission to Risk Department
The formal submission of a request for an extension of the target date for implementing corrective actions, along with justification.
Feeder Fund
An investment fund whose primary investment objective is to invest all of its assets in another investment fund.
Capital Protected Fund
An investment fund whose primary investment objective is to protect and return the capital invested by unitholders at a pre-determined date in the future.
Policymaking
The process of creating, implementing, and adjusting policies, rules, or regulations by government authorities, organizations, or institutions to address various issues.
Corrective Maintenance
Activities carried out on a system, equipment, or structure as a result of partial or physical failure.
Emergency Maintenance
Maintenance activities that require immediate repairs due to their potential or direct impact on public safety or operations.
Other Taxes
The other taxes paid from businesses companies only (Zakat of companies and establishment) and taxes which are not classified.
Excise Tax
An indirect tax imposed on types of goods that are harmful to public health and the environment in addition to selected types of luxury goods (soft drinks, energy drinks, tobacco and its derivatives).
Inflationary Pressures
Economic conditions that lead to an increase in the inflation rate, often driven by high demand or rising costs.
Implementation Assurance
Written guarantee issued by a third-party guarantor (usually bank) provided to the Contracting Authority. Intended to ensure the Private Party will perform all contractual obligations.
Quality Assurance
The process and practices implemented to ensure that products or services meet established quality standards and customer expectations.
Written / Electronic Guarantee
Written or electronic guarantee issued by a third-party guarantor (usually a bank) provided to the Contracting Authority and intended to demonstrate the bidder’s commitment and seriousness in the bidding process.
Implicit
Something that is understood or implied but not explicitly expressed or stated.
Corrective Controls
Control that reduce impact to the organization when adverse incidents occur.
Directive Controls
Controls that are put in place to cause or encourage a desirable event to occur.
Preventive Controls
Controls that are put in place to stop a specific action from taking place.
Contingency
A specific action or plan established to address a possible future event, such as a contingency plan for managing financial crises or unexpected developments.
Private Placement
An offer of securities which falls within one of the categories of offers listed in Article 8 of the Rules on the Offer of Securities and Continuing Obligations; and for the purposes of the Investment Funds Regulations.
Specified Routes
The routes specified by the minister or competent authority for the transport of the imported or exported goods into/from the country or the goods in transit under a resolution.
Grievance Request
A formal complaint or request for redress made by an individual or group to address perceived injustices, disputes, or concerns within an organization or institution.
Unforeseen Circumstances
Events or conditions that may occur in the future, often with uncertain outcomes, and are considered in financial planning and risk management.
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 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.
Quotation
A statement or estimate of the price, cost, and terms for products, services, or securities, used in negotiations, sales, and procurement.
Fund Member of Administrative Board
A natural person appointed as a member of a fund board of an investment fund in accordance with the Investment Funds Regulations and the Real Estate Investment Funds Regulations.
Member of Administrative Board
For a joint stock company, this includes members of the board of directors, and for any other company, this includes any director or other senior official whose duties include developing and implementing the company's strategic decisions.
Investment Property
Real estate (land or a building – or part of a building – or both) held by an entity to earn rents or in anticipation of an increase in its value, or for both reasons.
Overseas Properties
State Properties that are outside the Kingdom of Saudi Arabia.
Constructionally Developed Real Estate
The real estates that are developed and ready for use and which fulfills the regulatory requirements, including residential, commercial, industrial, agricultural real estates and other types of real estates.
Unified Lease Contract
The standardized property lease contract form approved by the State Properties General Authority.
Aggregate Supply
The total quantity of goods and services that producers in an economy are willing to supply at different price levels.
Supply and Demand
The fundamental economic principle determining prices based on availability and consumer demand.
Non-Executive Board Member
In the Capital Market Institutions Regulations, a member of the board of directors who is not full-time managing the Capital Market Institution and does not participate in its daily activities.
Government Properties
All state-owned lands and buildings, both inside and outside Saudi Arabia, that are not privately owned and have an official title deed.
Ancillary Contract
A contract relating to a Private Sector Participation (PSP) contract which is necessary for the execution of a PSP project and which is concluded on behalf of the government with a private party or a third party.
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