English · Work & Business
transaction
/trænˈzæk.ʃən/
[/trænˈzæk.ʃən/]
business exchange
Intermediatenoun
Definition
An instance of buying or selling something, or an exchange of money between people or accounts.
Example
Each transaction is recorded automatically, so customers can review their spending online anytime.
Each transaction is recorded automatically, so customers can review their spending online anytime.
Etymology
From Latin 'transactio' (an agreement, completion), from 'transigere' (to drive through, accomplish).
How & Where It’s Used
Used in finance, banking, and law for individual exchanges.