transaction Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “transaction” in the English Dictionary

"transaction" in British English

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transactionnoun [C or U]

uk   us   /trænˈzæk.ʃən/
C1 an ​occasion when someone ​buys or ​sells something, or when ​money is ​exchanged or the ​activity of ​buying or ​selling something: a ​business transaction Each transaction at the ​foreignexchangecounterseems to take ​forever. We need to ​monitor the transaction of ​smallerdeals.

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(Definition of transaction from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"transaction" in Business English

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transactionnoun

uk   us   /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 ​settlementperiod of securities transactions in ​foreignmarkets may be ​longer than in ​domesticmarkets.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 ​singleaction such as ​adding a ​sale or a new ​customer, which ​changesdata in a ​computer database (= ​computersystem containing a large ​amount of ​information): The .LDF ​filetracks all the transactions made since the last ​backup.
(Definition of transaction from the Cambridge Business English Dictionary © Cambridge University Press)
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“transaction” in Business English

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