Your gateway to comprehensive financial knowledge with more than 2000 financial and economic terms
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Government Tenders and Procurement Law
The system that regulates how government entities conduct tenders and procure goods, services, and projects, ensuring transparency, efficiency, and the best possible value for public funds.
Bank Credit
Entire amount of money that a person or corporation may acquire from a financial institution such as a bank.
Budget Supplement
An additional amount added to the approved budget of an entity in accordance with regulatory instruments.
Leverage Ratio
A financial metric that compares a company’s debt to its equity or assets, showing the level of financial risk.
Accrual Basis of Accounting
A basis of accounting under which transactions and other events are recognized when they occur (and not only when cash or its equivalent is received or paid). Therefore, the transactions and events are recorded in the accounting records and recognized in the financial statements of the periods to which they relate. The elements recognized under accrual accounting are assets, liabilities, net assets/equity, revenue, and expenses.
Fund Management Fee
The remuneration, expenses, and fees in relation to advisory services paid to the fund manager.
Budget Deficit as a Percentage of Gross Domestic Product (GDP)
A measure used to assess the government's fiscal deficit in relation to the size of its economy based on nominal Gross Domestic Product (GDP), which is calculated using current prices (i.e., the prices prevailing in the same year without adjusting for inflation).
Debtor
Every person of a moral or legal identity owing in debt property for the government.
Credit Default Swap (CDS)
A financial derivative that transfers credit risk between two parties, often used as insurance against default.
Real Gross Domestic Product (GDP)
The value of Gross Domestic Product at constant prices according to the base year.
Employees Compensations
Cash or in-kind bonus that is due to be paid for an employee for his work in addition to wages, salaries, which include social insurance paid by a government unit on behalf of its workers excluding any compensation for workers related to capitals for self-account.
Inflation
The sustained increase in the general price level of goods and services in an economy, leading to a decrease in purchasing power.
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