Transaction
/trænˈzækʃən/
Definitions
- (n.) An act or instance of conducting business, such as buying or selling goods or services.
The transaction was completed after the buyer signed the contract.
- (n.) A set of operations performed as a single unit in legal or financial contexts.
The software logs every transaction made on the platform.
Forms
- transactions
Related terms
See also
Commentary
In legal drafting, specify the nature of the transaction to avoid ambiguity, particularly distinguishing financial from contractual contexts.
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.