Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “transaction”

See all translations

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

luck out

to be very lucky

Word of the Day

Think long and hard; the language of decisions

by Liz Walter,
January 28, 2015
One of the best ways (perhaps the best way) to improve your English is to learn how words go together in phrases, idioms, or other patterns such as verb/noun or adjective/noun pairs (often called ‘collocations’). This blog looks at some useful phrases and collocations connected with the subject of decisions, something we

Read More 

micro pig noun

January 26, 2015
an extremely small pig, bred to be a pet Micro pigs have become popular pets recently, with famous owners including Victoria Beckham, Paris Hilton and Olympic diver, Tom Daley.

Read More