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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

Direct Tax

A tax imposed directly on the taxpayer, such as income tax.

Weakness

Weakness in computer systems, software, or procedures exposing them to cybersecurity threats.

Primary Guarantee

A guarantee submitted by the contractor or supplier to assure the government entity his seriousness to do the project or the work.

Return to Maturity (RTM)

The total return expected on a bond if held until maturity.

Macroeconomic Factor

Large-scale economic factors like inflation, unemployment, and GDP growth that affect the overall economy.

Current Account Deficit

A situation where a country's total imports of goods, services, and transfers exceed its total exports.

Forward Contract

A financial agreement to buy or sell an asset at a set price on a future date.

Money Supply (M3)

Currency in circulation outside banks plus demand deposits + time and savings deposits + other quasi-monetary deposits.

Murabaha Contract

A type of Islamic finance, also known as cost-plus financing, in which the seller and the buyer agree on the cost and profits of the material asset.

Derivative

A contract for differences, a future or an option.

Continuing Implementation Contracts

Continuing contract is a contract calling for periodic such as operating, maintenance, fuel and subsistence contracts.

Risk Premium

An additional return that investors require above the risk-free rate to compensate them for more risky investments.

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