transaction

Meanings

• Noun

  The transfer of ownership of something from one person or entity to another, typically in exchange for money.

• Noun

  An instance of this process.

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Pronunciation

1. /tɹænˈzækʃən/
   
   
   
   Source: "https://commons.wikimedia.org/w/index.php?curid=385406"

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Rhymes

Words rhyming with transaction
transaction , reaction , relation , action , station , nation

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Variants

List of all variants of transaction that leads to same result
transaction , transactional , transactions

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Etymology

origin and the way in which meanings have changed throughout history.

From the Old French transakcioun 'transaction, settlement, agreement', from trans- 'across' + action 'process, act'.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. The first recorded use of the word 'transaction' in English was in the late 15th century.

2. In medieval Europe, transactions were often recorded in ledger books, which were used to keep track of debts and credits.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Commerce: The exchange of goods and services between individuals and businesses.

2. Economics: The study of how individuals, businesses, governments, and societies allocate resources, produce goods and services, and distribute them for consumption.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

Transactions have been a significant part of human history, from ancient barter systems to modern-day digital currency transactions. They are a fundamental aspect of commerce and economics.

How to Memorize "transaction"

1. visualize
   

   - Visualize a person exchanging goods or services with another person, with money being exchanged as payment.

2. associate
   

   - Associate the word 'transaction' with the concept of an exchange or transfer.

3. mnemonics
   

   - Use the mnemonic 'Transfers And Currencies Happen Everywhere' to remember the meaning of 'transaction'.

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