Transaction
An occasion when money is exchanged or business is done; the act of buying or selling something.
Examples
3 of 5I completed the transaction online using my credit card.
I finished buying the item on the internet with my card.
The details of the financial transaction are strictly confidential.
The information about the money exchange is private.
Did the transaction go through yet?
Has the money been moved or the sale finished?
Synonyms
Antonyms
Word Family
Memory Tip
Trans-action: The 'action' of 'transferring' money.
Quick Quiz
Please keep your receipt as proof of the ______.
Correct!
The correct answer is: transaction
Examples
I completed the transaction online using my credit card.
everydayI finished buying the item on the internet with my card.
The details of the financial transaction are strictly confidential.
formalThe information about the money exchange is private.
Did the transaction go through yet?
informalHas the money been moved or the sale finished?
Transaction cost theory explains why firms choose to outsource certain functions.
academicA specific economic theory looks at the costs of doing business exchanges.
The real estate transaction took three months to finalize.
businessThe sale of the property was completed after ninety days.
Synonyms
Antonyms
Word Family
Common Collocations
Common Phrases
record a transaction
to write down the details of a sale
cancel a transaction
to stop a sale from happening
void a transaction
to make a sale legally invalid
Often Confused With
Interaction is any communication; transaction is specifically a business or exchange-based event.
Usage Notes
Often used in banking and retail. It implies a completed unit of business.
Common Mistakes
Do not confuse with 'transportation'.
Memory Tip
Trans-action: The 'action' of 'transferring' money.
Word Origin
From Latin 'transactio', meaning an agreement or accomplishment.
Grammar Patterns
Cultural Context
Digital transactions are replacing cash in many parts of the world, especially in Scandinavia and East Asia.
Quick Quiz
Please keep your receipt as proof of the ______.
Correct!
The correct answer is: transaction
Related Vocabulary
More finance words
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