Definition of “transaction” - English Dictionary

“transaction” in British English

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transactionnoun [ C or U ]

uk /trænˈzæk.ʃən/ 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 foreign exchange counter seems to take forever.
We need to monitor the transaction of smaller deals.

More examples

  • You can call your bank and perform a transaction using a Touch-Tone phone.
  • The legality of the transaction is still under adjudication in the courts.
  • There was no financial transaction between us.

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

“transaction” in Business English

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transactionnoun

uk /trænˈzækʃən/ us

[ 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.

(Definition of “transaction” from the Cambridge Business English Dictionary © Cambridge University Press)