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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

Creation Date of Payment Order

The date of creating an order for payment through the Etimad Platform at the government entity.

Sending Date

The date of sending the invitation to issue a document or transaction.

Creation Date

The date of uploading the competition on the bidding system by the government body.

Withdrawal Date

The accepted date for withdrawal from the competition.

Payment Order’s Registration Date

The registration date of payment order in the financial system of the Ministry of Finance.

Date of Registration

The date on which the person is registered in accordance with the provisions of the Value Added Tax System in the KSA and its Implementing Regulations, or as specified in the tax registration certificate issued by the Zakat, Tax and Customs Authority.

Global Slowdown

A slowdown in the pace of global growth.

Fair Trade

A movement promoting ethical trade practices, ensuring producers (especially in developing countries) receive fair wages and work in safe conditions.

Digital Experience (DX)

The overall perception and interaction users have when engaging with digital products, services, platforms, or channels.

Beneficiary Cross Channel Experience

The overall interaction and continuity that beneficiaries experience when they engage with multiple channels or platforms such as website, mobile app, or social media accounts.

B2C Beneficiary Experience

The experience while and after using the service and further interactions.

Post Qualification

After selecting the best quotation, the government entity shall verify that the bidder has the necessary qualifications and capabilities to carry out the work or secure the purchases before awarding the contract.

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