Your gateway to comprehensive financial knowledge with more than 2000 financial and economic terms
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Inflation Rate
The percentage change in the price level of goods and services over a specified period.
Gross Domestic Product (GDP)
The total value of goods and services produced within a country during a specific period of time.
Capital Expenditures
The total amount spent by the government on infrastructure development projects and the acquisition of fixed assets such as construction, equipment, and real estate for the purpose of economic and social development.
Debt Securities
A loan, debt or any other financial instrument issued by companies or governments resulting in interest or similar payments to the holder of the debt security until the maturity date and repayment of the principal – the face value of the debt security at the maturity date made by the issuer. Debt securities, including the entitlement to interest benefits, can be traded. There are many forms of debt securities, such as corporate bonds, government bonds, collateralized bonds, certificates of deposit and debenture.
Zero-Based Budgeting (ZBB)
A budgeting method where expenses must be justified from zero rather than being based on previous budgets.
Asset Management
The process of managing investments and assets for beneficiaries with the aim of increasing returns while managing risks.
Depreciation
The systematic allocation of the depreciable amount of a fixed asset over its useful life. It is used in accounting to distribute the cost of an asset over the years it is expected to be in use.
Costs of Contracts on Etimad
Total amount of contract costs, that is registered at Etimad, (the original contract cost will be according to the cost of the new contracts) the remaining value of contract costs would be when these contracts registered at Etimad (for the existing contracts).
Spending Efficiency
Maximizing impact relative to expenditure, by making optimal use of available resources and addressing various types of waste without compromising the quality of services provided.
Unified Procurement Framework Agreement
A formal agreement between one or more government entities and one or more suppliers, contractors, or service providers, containing the terms and conditions of contracts to be awarded during a specified period, covering all participating government entities to achieve economies of scale and reduce costs and procedures, and where any supplier, contractor, or service provider may request to join at any time during the term of the agreement.
Liquidity
The ease and speed with which an asset or security can be converted into cash without a significant loss of value.
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