Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “transaction”

transaction

noun
 
 
/trænˈzækʃən/
[C] COMMERCE an occasion when someone buys or sells something: Users can now make financial transactions in euros. Customers worry about the security of online transactions. The settlement period of securities transactions in foreign markets may be longer than in domestic markets.conduct/make a transaction Credit-card holders made seven transactions on average during the last month.
[U] formal COMMERCE the process of doing business: The Government is determined to make the UK the best place for the transaction of e-business.
[C] IT a single action such as adding a sale or a new customer, which changes data in a computer database (= computer system containing a large amount of information): The .LDF file tracks all the transactions made since the last backup.
→ See also related party transaction
(Definition of transaction from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of transaction?
Add Cambridge dictionaries to your browser to your website

Definitions of “transaction” in other dictionaries

Word of the Day

bright spark

a person who is intelligent, and full of energy and enthusiasm

Word of the Day

Highly delighted, bitterly disappointed, ridiculously cheap: adverbs for emphasis.

by Liz Walter,
October 22, 2014
We often make adjectives stronger by putting an adverb in front of them. The most common ones are very and, for a stronger meaning, extremely: He was very pleased. The ship is extremely large. However, we don’t use very or extremely for adjectives that already have a strong meaning, for example fantastic,

Read More 

life tracking noun

October 20, 2014
the use of one or more devices or apps to monitor health, exercise, how time is spent, etc.

Read More