transaction

n.

1. The act of transacting or the fact of being transacted.
2. Something transacted, especially a business agreement or exchange.
3. Communication involving two or more people that affects all those involved; personal interaction: “a rich sense of the transaction between writer and reader” (William Zinsser).
4. transactions A record of business conducted at a meeting; proceedings.

transactional trans·ac'tion·al adj.

An activity or request. Orders, purchases, changes, additions and deletions are typical business transactions stored in the computer. Transactions update one or more master files and serve as both an audit trail and history for future analyses. Ad hoc queries are a type of transaction as well, but are usually just acted upon and not saved. Transaction volume is a major factor in figuring computer system size and speed.

Keeping Transactions in Sync

A major problem in a transaction processing system is ensuring that all master files are updated before the transaction is considered completely processed. For example, if two files must be updated, but a system failure occurs after the first one, but before the second one, the software must be able to roll back the first update and start over later. In a distributed environment, this is called "two-phase commit." See transaction file.

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An agreement between a buyer and a seller for the exchange of goods or services for payment.

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The parties participating in a transaction have an obligation to perform their part. For example, for two parties involved in a futures contract, the seller is obligated to sell and deliver the underlying asset and the buyer is contractually obligated to pay the agreed upon price and accept the delivery.

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In general: process performed with a single objective or end result, such as a purchase transaction.

Computer file maintenance: process performed against a file with the objective of altering the file in some way. The basic file transactions are adds (addition of a record), deletes (deletion of a record), and changes (alteration of the information in a record). These basic transactions may be further defined according to the characteristics of each transaction. For example, an add may be a cash order a credit order a credit-card order or an insert-if-absent transaction. A delete may be an expire a cancellation (see cancel), or a deadbeat record. Transaction codes are usually assigned to each transaction to direct the operations of the computer system and to accumulate statistics about the transactions applied to a file.

1. Any event that causes a change in an organization's financial position or net worth, resulting from normal business activity. It is recorded on the general ledger by debit or credit tickets.

2. Advance of funds, as in a credit card cash advance, purchase of goods at a retailer, or when a borrower activates a revolving line of credit. See also Standby Commitment.

3. Activities affecting a deposit account, such as a deposit of funds or a withdrawal, carried out at the request of the account owner.

Events or happenings in a business that change its financial position and/or earnings. Transactions are recorded in a journal and then posted to a ledger. Examples of business transactions are investing in the business, buying supplies, paying bills, withdrawing money from the business, buying equipment, and paying rent.

noun

An agreement, especially one involving a sale or exchange: bargain, compact², contract, covenant, deal. See agree/disagree.

n

Definition: business dealing; undertaking
Antonyms: denial, refusal, rejection

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The doing or performance of some matter of business between two or more persons, 10 Ohio App. 303, 304. An act or agreement, or several acts or agreements that have some connection with each other, in which more than one person is concerned, and by which the legal relations of such persons between themselves are altered. 24 N.E. 2d 228, 234. In tax law, transactions may be characterized in the following ways to describe their tax consequences.

closed transaction a transaction is closed when all events have occurred so as to allow the transaction to be subject to tax. 283 U.S. 404.

open transaction a transaction is open if events have not occurred to allow the transaction to be subject to tax. For example, if an asset is sold in exchange for an undetermined purchase price, the transaction will not be subject to income tax until the earlier of (a) the purchase price being determined or (b) the payments are received which exceed the taxpayer's basis in such asset. 283 U.S. 404.

sham transaction a transaction that will be ignored for tax purposes because it is deemed to have no substance. 267 F. 2d 127, 131.

step transaction a series of interrelated events viewed as a single transaction; a transaction that consists of a number of interdependent steps but is subject to tax based upon all of the various steps rather than each intermediate step. 302 U.S. 609, 613.

IN BRIEF: Carrying on commercial activities between groups.

It seemed to be a necessary ritual that he should prepare himself for sleep by meditating under the solemnity of the night sky... a mysterious transaction between the infinity of the soul and the infinity of the universe. — Victor Hugo (1802-1885)

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Dansk (Danish)
n. - forretning, transaktion, overenskomst

Nederlands (Dutch)
transactie

Français (French)
n. - (gén, Comm, Fin) transaction, opération, relations (d'affaire), (Comput) transaction

Deutsch (German)
n. - Durchführung, Transaktion, Geschäftsabschluß, Sitzungsbericht

Ελληνική (Greek)
n. - δικαιοπραξία, συναλλαγή, διεξαγωγή, διεκπεραίωση, εμπορική πράξη

Italiano (Italian)
transazione

Português (Portuguese)
n. - negociação (f), transação (f)

Русский (Russian)
сделка, ведение деловых переговоров/ операций

Español (Spanish)
n. - transacción, operación

Svenska (Swedish)
n. - transaktion

中文（简体）(Chinese (Simplified))
交易, 执行, 办理

中文（繁體）(Chinese (Traditional))
n. - 交易, 執行, 辦理

한국어 (Korean)
n. - 처리 , 업무, 계약

日本語 (Japanese)
n. - 処理, 業務, 取引, 会報, 議事録, 交流

العربيه (Arabic)
‏(الاسم) قيام, اجراء, تعامل‏

עברית (Hebrew)
n. - ‮עיסקה, עסק, ביצוע, דו"ח, פרוטוקול, תנועה‬

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vehicle transaction form	Transaction Team 1500lcd Signature Capture Terminal