Transaction

A transaction is a fundamental concept in business and economics, defined as an instance of buying or selling something, or generally, a business deal involving an exchange of goods, services, or money between two or more parties. It represents a completed agreement where value is transferred from one entity to another, forming the bedrock of commercial activity. Whether it's a simple cash exchange for a product or a complex multi-party contract, every transaction involves an offer, an acceptance, and consideration (something of value exchanged).