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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

Reclassification of Entity Budget

Reclassification of the saving amounts, between the budget elements, (workers’ compensation, goods and services, the program and the project) to other elements that need to support their allocations to pay dues during the fiscal year within the government budget.

Liquidity Ratio

A measure of a company’s ability to meet short-term obligations, often calculated as current assets divided by current liabilities.

Alternative Trading System

An Exchange authorized by the Capital Market Authority to carry out trading in specific types of securities, for specific categories of investors.

Financial Ratio

Quantitative indicators used to assess an organization's financial health, performance, and efficiency by comparing key financial variables and relationships.

Business Case Document

The document of the Private Sector Participation (PSP) Project that include the detailed study developed for the PSP Project before tendering, including the technical, financial, legal and regulatory aspects of the project and other project-related aspects.

Deposits

An amount of money or a non-monetary asset, such as precious metals like gold and silver, deposited with financial institutions or central banks for a specific purpose.

Income Tax

A direct tax imposed on resident capital companies for shares owned directly or indirectly by non-Saudi persons, or on persons working in the production of oil and hydrocarbons. It is also imposed on non-Saudi natural persons residing in and practicing economic activities in Saudi Arabia, and on non-resident persons who practice economic activities in Saudi Arabia through a permanent establishment, or who have taxable income earned from sources in Saudi Arabia without having a permanent establishment, and for every person working in the field of investment, transportation of natural gas.

Tax on Income, Profits and Capital Gains

Taxes assessed on actual or presumed income, including taxes assessed on holdings of property, land or real estate when such holdings are used as the basis for estimating the income of their owners (including corporate and establishment income tax, and withholding tax for non-residents).

Claim Journey

The series of actions that take place on the claim from the time it is registered on the Etimad Platform until it is approved or rejected.

Beneficiary Offboarding

The process customers go through when they stop using a digital product or service.

Financing Agreement

A set of documents under which a loan is provided. It includes documents for loan agreements, finance agreements, and debt agreements.

Consortium Agreement

The contractual relationship between consortium members. Sets out in detail how responsibilities, risks, and rewards will be shared and/or allocated among the members.

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