transaction

trans·ac·tion   (trān-sāk'shən, -zāk'-)    n.   The act of transacting or the fact of being transacted. Something transacted, especially a business agreement or exchange. Communication involving two or more people that affects all those involved; personal interaction: "a rich sense of the transaction between writer and reader" (William Zinsser). transactions A record of business conducted at a meeting; proceedings. trans·ac'tion·al adj.

transaction 

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

transaction

See trade.

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.