The transaction
Example: Transaction records exchange of money between parties or accounts
Definition
"The transaction" in finance refers to the act or process of conducting an exchange or transfer of money, goods, or services between two or more parties or accounts, often recorded officially to track the movement of assets or funds.
Etymology
The word "transaction" originates from the Latin 'transactio,' meaning 'a carrying through' or 'a negotiation.' It evolved through Old French and Middle English to describe the act of conducting business or agreements, reflecting the movement or exchange implied in financial dealings.
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"The transaction" appears in the Vocaplus list "English - Finance - (A1-C2) - set 1", containing 150 commonly used words.
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