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transaction Definition

trans·ac·tion (tran zak′s̸hən, -sak′-)

noun

  1. a transacting or being transacted
  2. something transacted; specif.,
    1. a business deal or agreement
    2. a record of the proceedings of a society, convention, etc., esp. a published one

Etymology: L transactio

transaction Related Forms
trans·ac′·tional adjective
transaction Synonyms

transaction

n.

doing, proceeding, business, act, affair, matter, deed, action, event, step, happening, deal, sale, selling, buying, purchase, purchasing, trade, disposal, activity, performance, execution, undertaking.

transaction Law Definition

n

  1. An act of carrying out some form of business between two persons.
  2. A business agreement or exchange.
  3. Any activity in which two or more persons are involved.
closed transaction
A transaction that is complete, so that the actual realized gain may be calculated for tax purposes.
open transaction
A transaction in which all the events have not yet occurred, and so the computation of taxes on that transaction is not yet possible.
sham transaction
A transaction that will be disregarded for tax purposes because it has no real substance.
transaction Usage Examples

Preposition: of

  • ASME: Transactions of the ASME, Journal of Tribology, 121, ( 3 ), 433-440 ( July 1999 ).

Converse of object

  • authorize: Your credit card details will only be used for transaction authorized by you.
  • recur: Problems can arise when the customer writes to the merchant to cancel the recurring transaction but the request is ignored.
  • handle: The receiver is required to handle all financial transactions for the benefit of the person.
  • memorize: To edit a memorized transaction: From the Lists menu, select Memorized Transaction List.
  • conduct: Nominee directors are needed when you must maintain a certain level of anonymity when conducting transactions.

Adjective modifier

  • philosophical: J.K. Hammond and T.P. Waters 2001 Philosophical Transactions of the Royal Society London A359, 41-59.
  • fraudulent: To help avoid fraudulent transactions we are doing everything to ensure the safety of our customers.
  • financial: Every bet, every financial transaction contains an element of risk.
  • commercial: We can take care of the legal aspects of the commercial transaction enabling you to plan for the future.
  • share-based: In the case of employe share-based payment transactions, for example, an expense should be recognized.
  • corporate: An Employe buyout involves owners of a company selling a majority of their stock to its employees through an ESOP structured corporate transaction.

Modifies a noun

  • processing: Participants should also be familiar with the basic idea of networks and the Web, of database technology and of transaction processing.
  • log: Every transaction log application is different and needs to be properly analyzed, so that strengths and weaknesses can be identified and reported.

Noun used with modifier

  • ieee: IEEE Transactions on Electron Devices 45 ( 12 ): pp.
  • conveyancing: This is a real career opportunity, you will develop your existing knowledge and be exposed to some lighter commercial conveyancing transactions.
  • debit: There is a £ 1.50 service fee per ticket on all credit and debit card transactions.
  • banking: Most online banking transactions however are now secured by SSL using 128 encryption.
  • credit: Our credit card transaction facility is provided by Barclays Bank.
  • ATM: Switching secure online ATM transactions at uninterrupted availability is the core business of the company and provides its principal revenue.