Transaction

/trænˈzækʃən/ or /trænˈsækʃən/ noun

Definition

An exchange or business deal in which goods, services, or money are passed between people or organizations.

Etymology

It comes from Latin 'transactio', from 'transigere' meaning 'to drive through', 'to settle', or 'to accomplish'. The sense of a completed business deal developed from this idea of finishing something through action.

Kelly Says

In computing, a 'transaction' must either fully happen or not happen at all—no half-charged credit cards. The word reminds us that in both money and data, what really matters is a clean, agreed finish.

Related Words

Explore More Words

Get the Word Orb API

Complete word intelligence in one call. Free tier — 50 lookups/day.