Legal Dictionary

transaction

Definition of transaction

Etymology

    From trans- + action

Pronunciation

Noun

transaction (plural transactions)

  1. The act of conducting or carrying out (business, negotiations, plans).
  2. A deal or business agreement.
  3. An exchange or trade, as of ideas, money, goods, etc.
  4. (finance) The transfer of funds into, out of, or from an account.
  5. (computing) An atomic operation; a message, data modification, or other procedure that is guaranteed to perform completely or not at all (e.g. a database transaction).
  6. (finance) An economic transaction: a valid currency transfer

Related terms

  • transact
  • transactional
  • transactive

References:

  1. Wiktionary. Published under the Creative Commons Attribution/Share-Alike License.



SHARE THIS PAGE

TOP LEGAL TERMS THIS WEEK
1.     landed property
2.     status quo
3.     lex situs
4.     lex fori
5.     lex causae
6.     conclusive presumption
7.     AORO
8.     Miranda warning
9.     lex loci delicti commissi
10.     lex patriae