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.