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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

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
أ ب ت ث ج ح خ د ذ ر ز س ش ص ض ط ظ ع غ ف ق ك ل م ن ه و ي

Most searched terms

Job Performance

An employee's effectiveness and productivity in carrying out their work tasks and responsibilities.

Temporary Storage of Goods

Storing of goods under Zakat, Tax and Customs Authority (ZATCA) control in premises and enclosed or unenclosed spaces specified by the ZATCA (temporary stores) pending lodgment of the Goods declaration.

Prohibited Goods

Any goods the import or export of which is prohibited under the provisions of the Common Customs Law for GCC Countries or any other law.

Eligible Used Goods

Goods prescribed by ZATCA as eligible for calculating VAT based on profit margin.

Restricted Goods

Any goods the import or export of which is restricted under the provisions of the Common Customs Law for GCC States or any other law.

Identical Goods

They mean goods that are similar in all respects, including physical characteristics, quality and goodwill. Minor differences in appearance would not preclude goods otherwise conforming to the definition from being regarded as identical.

Imported goods being valued

The goods being valued for customs purposes.

Banking Wire Transfer

An electronic transfer of funds between financial institutions.

الإنفاق الرأسمالي الثابت

Cartel

A group of businesses or countries that coordinate to control prices and limit competition.

Customs Warehousing Procedure

A Customs procedure under which imported goods are stored under Customs control in a designated place (a Customs warehouse) without payment of import duties and taxes.

Judicial Jurisdiction

Legal authority of a court to hear and decide cases within a defined geographical area, including the organizational and legal boundaries that govern its operation and rules.

Affiliated Management

It is represented by three-digit numbers of the entity code, which identifies the name of the main department in the entity.

Portfolio Management

The professional management of investment portfolios to achieve specific financial goals.

Project Quality Management

An area of knowledge in project management focused on ensuring project quality by defining, assessing, monitoring, and achieving product quality through specific processes and activities.

Quarterly Earnings

The financial results and profits disclosed by listed and publicly traded companies on a mandatory quarterly basis, typically presented to shareholders and investors.

Privileged Access Management (PAM)

Managing high-risk privileges to minimize the risk arising from misuse.

Temporary Admission (ATA)

Temporary importation subject to re-export, without payment of taxes or import duties, and not subject to import restrictions or prohibitions.

Customer Feedback Management Tools

Applications, and software designed to collect, analyze, and manage feedback from beneficiaries across various channels.

Customer Analytics Tools

A set of tools and technologies designed to collect, process, and analyze data related to beneficiary interactions and behaviors.

Survey

A research tool used to collect data from beneficiaries or customers by asking a set of questions to understand their opinions and satisfaction with a specific service.

Catalytic Investment

Investments aimed at generating social or environmental benefits alongside financial returns.

Daily Basis

Actions or events that occur on a daily or routine schedule, often used in the context of daily financial transactions or reporting.

Alternative Investment

Investments in assets other than traditional stocks, bonds, or cash, such as real estate, private equity, hedge funds, commodities, or collectibles.

Blue Ocean Strategy

A strategy that focuses on creating new markets with little or no competition.

User Experience (UX) Strategy

The plan or approach that organizations adopt to ensure that their User Experience (UX) efforts align with business goals and user needs. It involves defining a clear vision for how the user experience will contribute to the overall success of a product, service, or system.

Customer Experience Strategy

A comprehensive plan developed to enhance and improve the overall experience of beneficiaries when interacting.

Import

The act of bringing or causing any goods to be brought into a Customs territory.

Red Ocean Strategy

A strategy that operates in existing markets where companies compete for market share, leading to intense competition.

Customs Duty Refund

An amount of import duties and taxes repaid under the drawback procedure.

Customer Win-Back

Strategic efforts by organizations to re-engage and regain customers who have stopped using a product or service or become inactive.

Digital Colonialism

The control and dominance of digital infrastructure, data, and technology by powerful corporations or nations.

Oil Prices

The monetary value at which a barrel of crude oil is sold in the global markets.

Brent Oil Prices

The price of Brent crude oil, a major trading classification of sweet light crude oil, used as a major trading classification for global oil prices.

Unsecured Issuances

Financial instruments, such as bonds or loans, that do not have specific collateral or assets pledged as security for repayment, relying on the issuer's creditworthiness.

Prevailing Prices

Benchmarking of all similar projects to determine the prevailing price.

Independent Persons

Persons that are not related persons or persons under common control.

Quick Assets

A measure of an entity's ability to meet its short-term financial obligations using its most liquid assets, excluding inventory.

Sender Policy Framework (SPF)

An email authentication protocol to prevent phishing attacks.

Suggestion

A recommendation or idea provided by a beneficiary or user to improve a product, service, or process.

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