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What is the abbreviation for financial transaction?
Looking for the shorthand of financial transaction? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: financial transaction.
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What does financial transaction mean?
- Financial transaction
- A financial transaction is an agreement, or communication, carried out between a buyer and a seller to exchange an asset for payment. It involves a change in the status of the finances of two or more businesses or individuals. The buyer and seller are separate entities or objects, often involving the exchange of items of value, such as information, goods, services, and money. It is still a transaction if the goods are exchanged at one time, and the money at another. This is known as a two-part transaction: part one is giving the money, part two is receiving the goods.
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"financial transaction." Abbreviations.com. STANDS4 LLC, 2024. Web. 19 Apr. 2024. <https://www.abbreviations.com/financial%20transaction>.
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