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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 noun from the Cambridge Business English Dictionary © Cambridge University Press)
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