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Transaction

An agreement between a buyer and a seller for the exchange of goods or services for payment.

Notes:

The parties participating in a transaction have an obligation to perform their part. For example, for two parties involved in a futures contract, the seller is obligated to sell and deliver the underlying asset and the buyer is contractually obligated to pay the agreed upon price and accept the delivery.

See also: Futures Contract, Trade, Transaction Costs, Transaction Exposure, Transaction Risk

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Transaction

The delivery of a security by a seller and its acceptance by the buyer.

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transaction

See trade.