Your gateway to comprehensive financial knowledge with more than 2000 financial and economic terms
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Avoidance of Additional Costs
Indirect financial impact resulting from proactively approving costs and committing to non-priority capital projects or operating expenses.
Hyperinflation
Extremely high and typically accelerating inflation, eroding the real value of currency.
Brand Enhancement
The natural social behavior of individuals to share a positive impression of a brand by any means.
Loan Estimate
A document provided by lenders outlining the terms, interest rates, and closing costs of a loan.
Biding
The financial and technical offer that the supplier or contractor submits to the government body according to the specifications and conditions for obtaining the competition.
Annual Report
A comprehensive document outlining the company's operations and financial performance over the past year.
Demerger
A process through which a listed company is demerged into two or more companies in according with the Companies Law. A Demerger could take the form of a Spin-Off or a Split-Off.
Information Technology (IT)
The use of technology to store, process, transmit, and retrieve information in an organization or individual context.
Submit Closure Report
The process of preparing a report that provides evidence of the successful implementation of corrective actions and justifies the closure of the incident.
Detailed Expenses Report
The process of monitoring all expenditures under payment orders from government agencies for which a transfer or check has been issued by the Saudi Central Bank.
Insurance Technology (Insurtech)
The use of technology to improve and innovate insurance products, services, and processes.
Customer-Based Corporate Valuation (CBCV)
The process of valuing an organization by forecasting current and future customer behavior using customer data in conjunction with traditional financial data.
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