transaction

/træn'zækʃn/

Thân thiện

A customer completes a transaction at a grocery store checkout.

Definition

Noun: 1. A single piece of business or commercial activity: An event or process involving the buying, selling, or exchange of goods, services, or money between two or more parties. 2. The act or process of conducting business or negotiations: The carrying out or completion of an action, agreement, or deal. 3. (In computing) A unit of work performed within a database management system: A sequence of operations (such as reading, writing, or updating data) that is treated as a single, indivisible logical unit.

Examples of Usage

• Noun (Commercial Activity):
  • The store records every sales transaction in its computer system.
  • Online banking allows you to view your recent transactions.
  • The transaction was completed when both parties signed the contract.
• Noun (Act of Conducting Business):
  • The transaction of official business often requires formal documentation.
  • He is skilled in the transaction of complex negotiations.
• Noun (Computing):
  • The database ensures data integrity by rolling back incomplete transactions.

Advanced Usage

• "Cash transaction": A deal conducted using physical currency.
  • For small purchases, I prefer a simple cash transaction.
• "To be party to a transaction": To be one of the participants involved in a deal.
  • Both the buyer and the seller are parties to the transaction.

Variants and Related Words

• Transactional (adj): Relating to or involving transactions.
  • Their relationship is purely transactional, based on mutual benefit.
• Transact (verb): To conduct or carry out business.
  • The manager has the authority to transact deals on behalf of the company.

Synonyms

• Deal: An agreement or arrangement, especially in business.
• Exchange: An act of giving one thing and receiving another.
• Operation: A business transaction, especially one of a financial nature.

Related Phrases

• Transaction cost: The cost associated with making an economic exchange.
  • High transaction costs can discourage trade.
• Transaction processing: The collection, retrieval, and modification of data in a database system.
  • The bank's system handles millions of transaction processes per day.

Related Idioms

• A done deal/transaction: An agreement or matter that is completely settled.
  • The merger is a done transaction; the papers are signed.

Học thuật

Noun

1. the act of transacting within or between groups (as carrying on commercial activities)
   • no transactions are possible without him
   • he has always been honest is his dealings with me

Từ đồng nghĩa

• dealing
• dealings