Your gateway to comprehensive financial knowledge with more than 2000 financial and economic terms
Most searched terms
Global Shock
Sudden global disruptions, such as financial crises, pandemics, geopolitical conflicts, as well as natural disasters and developments in climate change.
Explicit
Something that is clearly and openly stated, expressed, or defined without ambiguity or vagueness.
Exchange Deal
Financial contracts in which two parties agree to exchange cash flows or financial instruments, often used for managing interest rate or currency risk.
Worker Data Boxes
A system for organizing and analyzing workforce-related data for decision-making.
Sovereign Wealth Fund
A Government-owned investment fund derived from surplus revenues.
Predictive Maintenance
Utilizing technologies and devices to forecast failures, determine the timing of required maintenance, or both.
Deductible Input Tax
Input Tax that may be deducted from Tax Due on supplies for each Tax Period in accordance with the Agreement and Local Law.
Output Tax
The tax due and chargeable on any taxable supply of goods or services made by a taxable person. This is usually collected by the person making the supply.
Sales Tax
An indirect tax imposed on the sale of goods and services to the final consumer. It is usually collected by the seller at the point of sale and then remitted to the government.
Property Collateral
An asset or property offered as security for a loan or credit arrangement. It serves as a backup source for repayment in case the borrower defaults.
Private Party
A private legal person that is party to a privatization contract with the government.
Aggregate Demand
The total demand for goods and services in an economy at a specific price level during a defined period of time.
Request submission to Risk Department
The formal submission of a request for an extension of the target date for implementing corrective actions, along with justification.
Feeder Fund
An investment fund whose primary investment objective is to invest all of its assets in another investment fund.
Capital Protected Fund
An investment fund whose primary investment objective is to protect and return the capital invested by unitholders at a pre-determined date in the future.
Policymaking
The process of creating, implementing, and adjusting policies, rules, or regulations by government authorities, organizations, or institutions to address various issues.
Corrective Maintenance
Activities carried out on a system, equipment, or structure as a result of partial or physical failure.
Emergency Maintenance
Maintenance activities that require immediate repairs due to their potential or direct impact on public safety or operations.
Other Taxes
The other taxes paid from businesses companies only (Zakat of companies and establishment) and taxes which are not classified.
Excise Tax
An indirect tax imposed on types of goods that are harmful to public health and the environment in addition to selected types of luxury goods (soft drinks, energy drinks, tobacco and its derivatives).
Inflationary Pressures
Economic conditions that lead to an increase in the inflation rate, often driven by high demand or rising costs.
Implementation Assurance
Written guarantee issued by a third-party guarantor (usually bank) provided to the Contracting Authority. Intended to ensure the Private Party will perform all contractual obligations.
Quality Assurance
The process and practices implemented to ensure that products or services meet established quality standards and customer expectations.
Written / Electronic Guarantee
Written or electronic guarantee issued by a third-party guarantor (usually a bank) provided to the Contracting Authority and intended to demonstrate the bidder’s commitment and seriousness in the bidding process.
Implicit
Something that is understood or implied but not explicitly expressed or stated.
Corrective Controls
Control that reduce impact to the organization when adverse incidents occur.
Directive Controls
Controls that are put in place to cause or encourage a desirable event to occur.
Preventive Controls
Controls that are put in place to stop a specific action from taking place.
Contingency
A specific action or plan established to address a possible future event, such as a contingency plan for managing financial crises or unexpected developments.
Private Placement
An offer of securities which falls within one of the categories of offers listed in Article 8 of the Rules on the Offer of Securities and Continuing Obligations; and for the purposes of the Investment Funds Regulations.
Specified Routes
The routes specified by the minister or competent authority for the transport of the imported or exported goods into/from the country or the goods in transit under a resolution.
Grievance Request
A formal complaint or request for redress made by an individual or group to address perceived injustices, disputes, or concerns within an organization or institution.
Unforeseen Circumstances
Events or conditions that may occur in the future, often with uncertain outcomes, and are considered in financial planning and risk management.
Transit Process
Transport of goods from Customs release office to destination office.
Customs Transit
The customs procedure under which goods are transported under customs control from one Customs office to another.
Number of Transaction after Settlement
The number of entity payments after settling the amounts.
Number of Awarded Suppliers
Number of contractors or suppliers (primary, secondary) that the competition has been awarded.
Visitors
Searches