Financial Transaction
/ˌfaɪˈnænʃəl trænsˈækʃən/
Definitions
- (n.) An act or process involving the transfer of money or monetary value between parties, often documented for legal or regulatory compliance.
The bank recorded the financial transaction to comply with anti-money laundering laws.
- (n.) A legally binding exchange of assets, services, or obligations involving funds, enforceable under contract or statutory law.
The sale of shares constitutes a financial transaction subject to securities regulation.
Forms
- financial transactions
Related terms
See also
Commentary
In legal drafting, specify the transactional parties and the nature of asset transfer to avoid ambiguity in financial transactions.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.