Transaction

Definition

  • A record of business conducted such as an action in a bank account. It may be a deposit, withdrawal, debit card payment, service charge, or interest payment.

Synonyms
purchase, sale, undertaking, business dealing, bank record

Related Terms and Acronyms

  • Debit Definition,
    • Another name for withdrawal of funds from your account.
  • Deposit Definition,
    • A sum of money put towards a given transaction. In a property purchase, a deposit signifies the intent to buy, which is paid to the vendor and applied to the principal cost.
    • An act of putting a sum of money in to a bank account.
  • Direct Deposit (DD) Acronym, Important,
    • An automatic deposit of wages or benefits to a customer's bank account.
  • Direct Fund Transfer Definition,
    • Similar to a direct deposit.
  • Expensing Definition,
    • Government tax law allows individuals to expense certain business activities.
  • Foreign Exchange (FX, F/X, FOREX, FE) Acronym,
    • Various instruments used to settle payments for transactions between individuals or organizations using different currencies (e.g., notes, cheques, etc.).
    Bank account transaction code.
  • Transaction Date (TRNSDATE) Acronym,
    • The date that goods or services were purchased or the date the cash advance was made.
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