Meaning & Definition of word "Transaction"

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    Transaction

    /trænˈzæk.ʃən/

    noun:

    • 1. An instance of buying or selling something; a business deal.
      • Example: She completed the transaction at the store in just a few minutes.
    • 2. The act of conducting business or exchanges between parties.
      • Example: The transaction between the two companies was valued at over a million dollars.
    • 3. A record of a financial exchange or business deal.
      • Example: Every transaction is logged for accounting purposes.

    Etymology

    From Latin 'transactionem', meaning 'a negotiating or managing'.

    Common Phrases and Expressions

    bank transaction:

    A financial exchange involving a bank.

    online transaction:

    A transfer of funds or exchange conducted over the internet.

    business transaction:

    Any deal made between two or more parties in a commercial context.

    Related Words

    exchange:

    The act of giving one thing and receiving another.

    commerce:

    The activity of buying and selling, especially on a large scale.

    finance:

    The management of large amounts of money, especially by governments or large companies.

    Slang Meanings of transaction

    Meaning: A quick deal

    Example Sentence: That was a fast transaction; we were in and out in a minute!

    Meaning: A shady deal

    Example Sentence: I heard there's always some sketchy transaction going on over there.