Transaction
Definition 1 of 3
Pro Tip 1/3
Often Monetary
Transactions usually involve the exchange of money or something valuable. Paying rent monthly is a financial transaction with your landlord.
Pro Tip 2/3
Business Context
In a business environment, 'transaction' implies a formal or legal exchange. Finalizing a transaction requires both parties to agree on the price.
Pro Tip 3/3
Requires Agreement
Most transactions need consent from the people or entities involved. The art transaction was completed after both galleries consented on the terms.