Your gateway to comprehensive financial knowledge with more than 2000 financial and economic terms
Most searched terms
Robo-advisor
An automated financial planning service that uses algorithms to manage investments.
Temporary Admission Document
The international customs document accepted as a customs declaration, which makes it possible to identify goods (including means of transport) which incorporates an internationally valid guarantee to cover import duties and taxes.
Warehouse
The place or building where goods are deposited under the supervision of the administration free of customs duties (taxes).
Acceptable Risk Level
The level of risk that the enterprise can bear to achieve its objectives.
Beneficiary-Centric Social Media Engagement
Engaging with customers on social media platforms in a manner that aligns with their interests and preferences.
Giga Projects
Large-scale initiatives that involve significant investments and have a transformative impact on economies or regions.
Fund Operator
The fund manager licensed to carry out the activity of managing investments and operating funds or the capital market institution appointed in accordance with paragraph (b) of Article 8 of the Investment Funds Regulations; to operate investment funds.
Multi-Factor Authentication (MFA)
A security system verifying user identity through multiple identity verification mechanisms.
Source of Income
Cases where the income is considered to be generated from economic activities in Saudi Arabia; the nature of income source determines whether the income is subject to tax or not, according to the income tax law and its implementing regulation.
Other Expenses
All costs and expenses that do not fall under any of the main items of financial expenses.
Tax Warehouse
The designated place where it is permitted to the Licensee to produce, transfer, store, or receive Excise goods under tax suspension arrangement.
Bond or Bonded Warehouse
A building approved by the Customs authorities for the storage of imported goods without payment of duties until their removal on payment of duty or for re-export.
Payroll
The employee's monthly salary slip showing the basic entitlement, deductions, and monthly allowances.
Joint Venture
A business arrangement where two or more parties collaborate on a project, sharing resources, risks, and rewards.
Advising
Advising a person in relation to a security, including advising on the merits of dealing in it, exercising any right to deal conferred by it or financial planning and wealth management in it.
Authentication
Verifying the identity of a user, process, or device to grant access to resources.
Non-Oil Source of Income
Economic sources of income that do not depend on oil exports.
Conformity
The state of compliance or alignment with established standards, guidelines, or regulations in business, ensuring that processes and practices meet expected criteria.
Developer
A person nominated by the Fund Manager, who is responsible for implementing the technical aspects of achieving the Fund’s objectives.
Variable Annuity
A retirement investment product with payouts that vary based on investment performance.
Exchange Transactions
Transactions in which one entity receives assets or services, or has liabilities extinguished, and directly gives approximately equal value (primarily in the form of cash, goods, services, or use of assets) to another entity in exchange.
Non-Exchange Transaction
An entity either receives value from another entity without directly giving approximately equal value in exchange, or gives value to another entity without directly receiving approximately equal value in exchange.
Calibration
Modifying or fine-tuning financial models, standards, or instruments to improve their accuracy and reliability in predicting market behavior.
Response Rate
It is a metric that measures the percentage of inquiries and requests that were answered within a specific time frame.
Non-Cash Expenses
A non-cash charge that reduces reported profits, such as depreciation and amortization.
Metal Refiner
Any person who carries on the refining by any process of a commodity into a Qualifying Metal.
Gini Coefficient
A measure of income inequality within a population, ranging from 0 (equal) to 1 (high inequality).
Variable Interest Rate
An interest rate that fluctuates over time based on market conditions.
Reinforced to
Workers' compensation, goods and services, programs, and a project that was reinforced to.
Threat Intelligence
Organized information and analysis of potential cyber threats to the organization.
Scale
The size or extent of something, often referring to the magnitude, range, or measurement of a business, operation, or financial figure.
Beneficiary Satisfaction Score
A metric used to measure the extent of beneficiary satisfaction with a specific interaction or experience.
Place of Supply
The country or any other place where the supply is considered to take place for Value Added Tax (VAT) purposes. according to the rules stipulated in the Unified Agreement for VAT of the GCC, the VAT Law, and its implementing regulations.
Transit Office
An office of a contracting party where a transport unit passes through during the transit process.
Zakat Payer
A natural or legal person who carries out an activity that is subject to Zakat, Tax and Customs' Regulations whether the activity is a sole proprietorship, a company, or whoever carries out a business activity under a license issued by a competent authority.
Zakat Payer Not Subject to Zakat
A Zakat payer who according to the Zakat, Tax and Customs Authority’s procedures has a certificate of “non-applicable to the levy of Zakat”.
Pricing Supplement
A document which contains the final terms of each debt instruments or convertible debt instruments issue which is intended to be listed.
Executive Summary
A concise and summarized document that provides an overview of a longer report, proposal, or business plan, highlighting key points and findings.
Money Supply
The total amount of money in circulation within an economy at a given time.
User Experience (UX) Lab
A controlled environment where designers, researchers, and professionals can observe and analyze how users interact with products, services, or interfaces. Its primary goal is to gather insights into user behavior, preferences, and challenges.
Beneficiary Effort Score
A metric used to measure the ease or difficulty of a beneficiary completing a specific task.
Resident
All person a resident of a country if he meets the residency requirements specified in each system, including a principal place of work or a permanent establishment in the Kingdom.
Vision Realization Program Offices
Offices established in each ministry or independent agency which are responsible for monitoring and managing the Saudi Vision 2030 programs' initiatives.
Release Office
An office of a contracting party where transit process starts. Such office may perform the duties of a load office as well.
Zakat Payers for Zakat Assessment on Arbitrary Basis
Any Zakat payer who does not have commercial books that are the results of the business and is not required to issue financial statements in accordance with applicable laws, regulations and rules.
Adjustable-Rate Rider
A loan provision allowing interest rate adjustments based on predefined terms, commonly in mortgage agreements.
Tax Representative
A person residing in Saudi Arabia who represents a non-resident taxable person in all matters related to Value Added Tax (VAT), and he shall be responsible, together with the taxable person, for the payment of any financial obligations related to VAT.
Social Security Benefits
Current transfers to households and individuals to meet needs arising from events. These benefits may be paid in cash or in kind.
Small- and Medium- Sized Enterprises (SMEs)
Businesses with a limited number of employees and moderate revenue.
Issue Profile
Provides information about a specific financial instrument or security, including its characteristics, terms, and features.
Abusive Practice
An unfair or unethical financial or business practice that exploits consumers or market conditions.
Curve
A graphical representation of data points or yields, such as the yield curve, which displays interest rates for a range of maturities, helping assess market expectations.
Demand Curve
A graphical representation showing the relationship between the price of a good and the quantity demanded.
Sales Representative
An employee of a capital market institution who performs the activities of dealing or arranging on behalf of a capital market institution with or for a client.
Permanent Establishment (PE)
A place of business for the non-resident through which he carries out his business, wholly or partly. This includes the business carried out by the non-resident through his agent.
Disbursement for a Specific Year
Appropriations that have been spent within a specific year.
Special Economic Zone
Designated areas offering tax incentives and regulatory benefits to attract investment.
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