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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

Continuous Supply

The provision of goods or performance of services continuously across a defined period.

Taxable Supplies

Goods on which the tax is imposed, either in the standard rate or at the zero rate with deducting the associated input tax, in accordance with the provisions of The Unified Agreement for VAT of GCC, VAT law, and its implementing regulation.

Sourcing

The process of finding, evaluating, and selecting suppliers, partners, or resources to obtain goods, services, or inputs for an organization.

Rating Outlook

An opinion provided by credit rating agencies about the future direction of a credit rating. It can be positive, negative, stable, or on review, indicating whether the creditworthiness of the entity is likely to change.

Beneficiary Expectations

The perceived value or benefits a beneficiary seeks from a product or service. Beneficiary expectations are typically formed based on the beneficiary's previous experience or through the experience of a friend or individual from an organization.

Investment Rating

This term is applied to financial institutions, bonds and investment instruments with a minimum BBB- or higher by Standard & Poor's, Baa3 or higher by Moody's, BBB- or higher by Fitch International for long-term ratings.

Structural Diversification

The process of diversifying a portfolio or business by investing in or developing assets, products, or markets with different characteristics or risk profiles.

Consensus

A general agreement or shared opinion among experts, analysts, or stakeholders regarding market trends, forecasts, or investment decisions.

Debt Consolidation

The process of combining multiple debts into a single loan with more favorable repayment terms.

Intra-GCC Supplies

Goods or services supplied by a supplier residing in a member state of the GCC to a customer residing in another member state.

Supplies subject to Reverse Charging

Supplies on which the Customer is obliged to pay the VAT due under the Reverse Charge Mechanism.

Zero-Rated Supplies

Taxable goods with VAT charged at the 0% rate.

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