Transaction: meaning, definitions and examples

This term is formal and commonly used in financial or business settings to describe any action involving the transfer of money or goods. It can be related to banking, online shopping, or any activity where funds are exchanged.

• He completed the transaction using his credit card.
• The transaction history shows all account activities for the past month.

This word is often used informally to refer to an agreement or arrangement, especially in business. It can have a broader meaning and includes any negotiation or contract. It can sometimes have a negative connotation, suggesting something sneaky or underhanded.

• They struck a deal to share the profits equally.
• He made a good deal on his new car.

This term focuses on the buying and selling of goods and services, often in a larger market or between countries. It can also be used more generally to describe a swap or barter situation.

• The two countries signed a trade agreement to reduce tariffs.
• He traded his comic book collection for rare baseball cards.

Use this word when talking about swapping or trading goods, services, or information. It implies a two-way transfer and is often used in social, educational, or business contexts.

• They had an exchange of ideas at the conference.
• The currency exchange rate is unfavorable right now.

Used mostly in financial and business settings to describe the act of buying or selling something.

• The transaction was completed successfully.
• She checked her bank statement for any unauthorized transactions.

Often used in a broader sense to describe an activity or series of activities aimed at achieving a particular result, including in medical, military, and corporate settings.

• The military operation will commence at dawn.
• The company streamlined its operations to boost efficiency.
• He is recovering well after the surgical operation.

Used to describe a series of actions or steps taken to achieve a particular end, commonly found in scientific, industrial, and everyday contexts.

• The process of making coffee involves several steps.
• Quality control is an essential part of the manufacturing process.
• She explained the scientific process behind the experiment.

Refers to a specific piece of work or duty that needs to be completed, often used in work and project management settings.

• Your task for today is to finish the report.
• She assigned each team member a different task.
• Completing this task requires attention to detail.

Use in business or financial contexts where goods, services, or money are exchanged.

• The transaction failed due to insufficient funds
• They completed a large real estate transaction last week

Use in social or scientific contexts where individuals or entities engage with each other.

• The teacher-student interaction was very positive
• Social interaction is crucial for mental health

Use when referring to the act of giving one thing and receiving another, often in a non-business context as well.

• They had a friendly exchange of ideas
• There was an exchange of gifts during the party

Use when referring to the act of conveying information or sharing ideas between people.

• Good communication is essential for a healthy relationship
• We had a clear communication about our goals