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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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Most searched terms

Tax Reforms

Changes to tax policies aimed at improving efficiency, fairness, or revenue collection.

Sovereign Net Foreign Assets (SNFA)

A measure of a country's international financial position, indicating the value of its foreign assets minus its foreign liabilities.

Tangible Assets

Assets that have a physical form or substance. Tangible assets include both fixed assets, such as machinery, buildings, and land, and current assets, such as inventory of goods and crops.

Supply Chain Disruption

Interruptions in the flow of goods and services due to external factors.

Reevaluation

A process through which the estimated value of assets including properties, economic facilities, machinery, equipment, or any movable property, except securities, is updated based on a specific valuation standard and for a specific purpose.

Objection

A formal procedure made to the relevant committee or judicial body by a taxable person to an assessment or decision issued by the authority.

Incident Closure

The final step in the incident management process, indicating that the incident has been satisfactorily resolved and closed.

Releasing

Taking the excise goods out of the suspended status to the taxation status, and from the tax depository to the markets to be available for customers.

Green Economy

An economic system focused on sustainability and reducing environmental impact.

Economies of Scale

The cost advantages that enterprises obtain due to their scale of operation, with cost per unit decreasing as the size of the operation grows.

Circular Economy

An economic model that minimizes waste by reusing, repairing, and recycling resources.

Circular Carbon Economy

A sustainable economic model that focuses on reducing, reusing, recycling, and recovering carbon to minimize environmental impact.

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