

[tran-sak-shuh
n, -zak-] Pronunciation Key | 1. | the act of transacting or the fact of being transacted. |
| 2. | an instance or process of transacting something. |
| 3. | something that is transacted, esp. a business agreement. |
| 4. | Psychology. an interaction of an individual with one or more other persons, esp. as influenced by their assumed relational roles of parent, child, or adult. |
| 5. | transactions, the published records of the proceedings, as papers read, addresses delivered, or discussions, at the meetings of a learned society or the like. |
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2006.
| trans·ac·tion
(trān-sāk'shən, -zāk'-) Pronunciation Key
n.
trans·ac'tion·al adj. |
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2006 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
transaction
| transaction | |
noun | |
| the act of transacting within or between groups (as carrying on commercial activities); "no transactions are possible without him"; "he has always been honest is his dealings with me" |
Transaction
An agreement between a buyer and a seller for the exchange of goods or services for payment.
Investopedia Commentary
The parties participating in a transaction have an obligation to perform their part. For example, for two parties involved in a futures contract, the seller is obligated to sell and deliver the underlying asset and the buyer is contractually obligated to pay the agreed upon price and accept the delivery.
Related Links
The Nitty-Gritty Of Executing A Trade
See also: Futures Contract, Trade, Transaction Costs, Transaction Exposure, Transaction Risk
Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company.
Main Entry: trans·ac·tion
Pronunciation: tran-'zak-sh&n, -'sak-
Function: noun
1 : something transacted; especially : an exchange or transfer of goods, services, or funds
2 a : an act, process, or instance of transacting b : an action or activity involving two parties or things that reciprocally affect or influence each other
3 in the civil law of Louisiana : an onerous contract that is intended by the parties to prevent or end actual or possible litigation and in which they make reciprocal concessions —compare ACCORD, SATISFACTION
transaction
A unit of interaction with a DBMS or similar system. It must be treated in a coherent and reliable way independent of other transactions. See atomic.
Transaction
Trans*ac"tion\, n. [L. transactio, fr. transigere, transactum, to drive through, carry through, accomplish, transact; trans across, over + agere to drive; cf. F. transaction. See Act, Agent.]1. The doing or performing of any business; management of any affair; performance. 2. That which is done; an affair; as, the transactions on the exchange. 3. (Civil Law) An adjustment of a dispute between parties by mutual agreement. Transaction of a society, the published record of what it has done or accomplished. Syn: Proceeding; action; process. Usage: Transaction, Proceeding. A transaction is something already done and completed; a proceeding is either something which is now going on, or, if ended, is still contemplated with reference to its progress or successive stages. Note: " We the word proceeding in application to an affray in the street, and the word transaction to some commercial negotiation that has been carried on between certain persons. The proceeding marks the manner of proceeding, as when we speak of the proceedings in a court of law. The transaction marks the business transacted; as, the transactions on the Exchange." --Crabb.Copyright © 2008, Dictionary.com, LLC. All rights reserved.











