Your gateway to comprehensive financial knowledge with more than 2000 financial and economic terms
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Training Plan
A structured program or strategy outlining the goals, content, and activities for employee or skill development through training.
Value-Base Duties and Tax
Any duties and taxes which are calculated on the basis of value of goods or services rather than on quantity or weight.
Customs Line
The line corresponding to the political borders separating the state from its neighboring states, and to the shores of the seas surrounding the country.
Acceleration Letter
A formal notice sent to a borrower informing them that their loan must be repaid immediately.
Letter of Intent
Document (may or may not be binding) between different stakeholders in a consortium expressing their interest to be an equity shareholder in the upcoming project and bid as a consortium.
Carbon Credits
Units representing the reduction or removal of one metric ton of carbon dioxide (CO2) from the atmosphere, used as a way to offset emissions.
Reference Number for Financial Claim
A reference number issued by Etimad for the financial claim when the claim is created.
Digitization of Economy
The transformation of economic activities through digital technologies, improving efficiency and connectivity.
Reverse Mortgage
A loan that allows homeowners, typically seniors, to convert home equity into cash.
International Securities Identification Number (ISIN)
A unique identifier assigned to securities, helping investors and regulators track and trade financial instruments.
Payroll Reference Number
An identification number used to track payroll and entitlements transactions recorded in the financial rights system, which includes salaries, entitlements, and employee compensations for a single primary entity.
Payment Order Reference Number
A sequential identifier code issued by Etimad assigned to each payment instruction for the purpose of transaction traceability, audit compliance, and financial control verification.
Reference Number of Disbursement Order
A dedicated identification number issued by the Etimad platform assigned to each disbursement order to facilitate tracking, auditing, and verification of payment and financial disbursement operations.
Entity Code
Administrative organization code registered in the Ministry of Finance system.
Currency Symbol
The universal currency code in which the contract is registered on the system.
Adjustable-Rate Mortgage (ARM)
A home loan with an interest rate that changes periodically based on market conditions.
Entrepreneurship
The process of starting and managing a business, taking on financial risks in hopes of profit. Entrepreneurs drive innovation and economic growth.
Reasons for Buying Specification Booknote
Reasons for the participation of the supplier or the contractor in the bidding.
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