Transaction

Definition

Transaction typically refers to a business activity or process that involves an exchange of goods, services, or money between two parties.

Parts of Speech

• Noun

Pronunciation

American English

• IPA Pronunciation: /trænˈzækʃən/
• Respelling: trans-ZAK-shuhn (with "trans" as in "transport," "ZAK" rhyming with "back," and "shuhn" as in "mission")

British English

• IPA Pronunciation: /trænˈzækʃn/
• Respelling: trans-ZAK-shn (similar to American English, with "trans" as in "transport," "ZAK" like in "back," and "shn" as a shorter form of "shuhn" in "mission")

In both dialects, "transaction" is pronounced with the primary stress on the "ZAK" syllable. The word starts with "trans," followed by "ZAK," and ends with "shuhn" in American English or "shn" in British English, where the latter is a slightly condensed version of the former. The pronunciation is consistent in terms of stressed syllables between American and British English, with the primary difference being the length of the final syllable.

Etymology

The term "transaction" originates from the Latin word "transactio," from "trans-" meaning "across" and "agere" meaning "to do" or "to drive." Essentially, it implies "doing things across" or "carrying out."

Derivatives

• Transactional
• Transactionally
• Transactional analysis
• Transaction cost
• Transaction date

Synonyms

• Deal
• Exchange
• Trade

Antonyms

• None

Usage

• "Every credit card transaction is recorded for security purposes."
• "The online platform ensures a smooth transaction between buyers and sellers."

Related Terms

• Commerce
• Business
• Trade-off
• Purchase
• Exchange

Detailed Definition

Noun

• Business Exchange: An instance of buying or selling, typically involving money as a medium of exchange.
• Example: She completed the transaction within minutes using her mobile banking app.

• Action of Conducting Business: The act of conducting or managing business activities or operations.
• Example: The entire transaction was overseen by the senior manager to ensure its legality.

• Computing Process: In computer science, particularly in databases, a transaction is a sequence of one or more SQL statements that are executed as a single unit, either all successfully or none at all.
• Example: If a failure occurs during a database transaction, it can be rolled back to its previous state.