What is the Meaning & Definition of transaction

When we speak of transaction we are talking about an operation of different type which occurs between two or more parties and involving the exchange of goods or services in Exchange for the capital. Although the term can be applied to many situations and areas of everyday life, normally you are used to point out economic operations involving the use of money or capital to pay for the cost of the good or service purchased.
One of the elements that most clearly characterizes the notion of transaction is the idea of mutual agreement between the parties that carry out the operation. This is so since so you can perform such operation it is necessary that someone has capital, and that someone offers a service or appropriate to that amount of money requested. Usually the transaction is given by necessity of one or both parties and may or not make profits. The transaction can take many shapes, styles and methods, but always will involve the exchange of something else.
Transactions can also be operations that have nothing to do with the purchase or sale of products or services. In this sense, we know the term also in banking in which numerous operations are known as transactions: are actions that customer can perform to invest, reorganize, or know their capital.
The computer (when talking of a transaction of information a port or destination to another), which also uses the term of 'transaction' may be in other less common spaces in the psychology (when talking of transactional analysis involving the transfer of values, communicative forms, or trauma from a person to another). In all cases, concerned the type of transaction concerned, referred to, ultimately, to a specific type of operation.

Article contributed by the team of collaborators.

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