Definition of transaction in English:

transaction

Syllabification: trans·ac·tion
Pronunciation: /tranˈsakSHən, -ˈzak-
 
/

noun

  • 1An instance of buying or selling something; a business deal: in an ordinary commercial transaction a delivery date is essential
    More example sentences
    • The figures show a similar trend to those for the whole of the UK, with more buy transactions than sell transactions over the course of last year.
    • Whereas equities and bonds are easy to buy and sell, property transactions are more complicated, more costly and consequently less frequent.
    • I was fortunate to witness several great items that were sold in private transactions.
    Synonyms
    deal, business deal, undertaking, arrangement, bargain, negotiation, agreement, settlement; proceedings
  • 1.1The action of conducting business.
    More example sentences
    • The Council shall adopt rules and procedures for the conduct and transaction of its business at its meetings.
    • The transaction of public affairs was impeded by repeated efforts to usurp pairing the security of property in slaves, and reducing those States which held slaves to a condition of inferiority.
    • A short business session was held for the transaction of routine matters.
    Synonyms
    conduct, carrying out, negotiation, performance, execution
  • 1.2An exchange or interaction between people: intellectual transactions in the classroom
    More example sentences
    • To get to the bottom of the issue, we should note that economics is little more than the study of human interactions or transactions.
    • In our normal transactions and interactions with others, our ego seems to play a major role in determining how we treat them.
    • Arrangements are defined to include transactions, agreements, understandings, promises or undertakings.
  • 1.3 (transactions) Published reports of proceedings at the meetings of a learned society.
    More example sentences
    • In 1938, Mott and Littleton published a seminal paper in Transactions of the Faraday Society on the calculation of defect energies in NaCl.
    • These transactions are available for online access (papers are placed on the web once they are accepted), and also released as hardcopy once per year.
    • The Western Section of The Wildlife Society is pleased to announce the online availability of all papers published in the ‘Transactions of the Western Section of The Wildlife Society’.
  • 1.4An input message to a computer system that must be dealt with as a single unit of work.
    More example sentences
    • The standard relational database offers transaction processing and XML to relate tables to each other.
    • The legacy transaction processing systems may not yet be adequate for those purposes.
    • Database and transaction processing systems are often implemented on RAID systems.

Derivatives

transactional

adjective
More example sentences
  • I think our relationship with them is totally transactional.
  • The earlier conversation was about fairness; now she had shifted 180 degrees to transactional rights.
  • Other economic indicators are interpreted in a framework that assumes transactional actors as rational decision-makers.

transactionally

Pronunciation: /-SHənl-ē/
adverb
More example sentences
  • Knowledge constructed transactionally (among teachers and peers) is more sophisticated than knowledge a student might construct on his or her own.
  • Will customers who are transactionally motivated be receptive to a full-service strategy?
  • There is simply a series of debits and credits which are causally and transactionally linked.

Origin

late Middle English (as a term in Roman law): from late Latin transactio(n-), from transigere 'drive through' (see transact).

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