transaction meaning of transaction in Longman Dictionary of Contemporary English


Each transaction at the foreign exchange counter seems to take forever. Ideally, there is sufficient transparency of motive and transaction so that the exchange can be a win for both sides.


When a Redis connection is in the context of a MULTI request, all commands will reply with the string QUEUED . A queued command is simply scheduled for execution when EXEC is called.

Transaction lifecycle

Examples of ACH include direct deposits for things like your salary or tax refund, and bill payments that are made online or through your bank. The accrual accounting method requires a transaction to be recorded when it occurs, regardless of when the money is received or the expenses are paid.

  • Each request can occur as though they were occurring one by one, even though they’re actually occurring simultaneously.
  • Look up transactionor transactional in Wiktionary, the free dictionary.
  • In the event of a long-term failure, Oracle Database enables each local administrator to manually commit or undo any distributed transactions that are in doubt because of the failure.
  • In IBM’s Customer Information Control System product, a transaction is a unit of application data processing that results from a particular type of transaction request.
  • The number of confirmations is the number of blocks created since the block that included your transaction.

A single SQL statement executes successfully if the database parses and runs it without error as an atomic unit, as when all rows are changed in a multirow update. When using theappend-only file Redis makes sure to use a single write syscall to write the transaction on disk. However if the Redis server crashes or is killed by the system administrator in some hard way it is possible that only a partial number of operations are registered.

Distinct Operation

The vast majority of transactions access a contract from an externally-owned account. Most contracts are written in Solidity and interpret their data field in accordance with the application binary interface . This will work reliably only if we have a single client performing the operation in a given time.

What are the 5 business transactions?

  • #1 – Borrowing from Bank.
  • #2 – Purchase Goods from Vendor on Credit Basis.
  • #3 – Rent and Electricity of Premises Paid.
  • #4 – Cash Sale of Goods.
  • #5 – Interest Paid.
  • #1 – Cash Transaction and Credit Transaction.
  • #2 – Internal Transaction and External Transaction.

These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased Transactions content in oureditorial policy. Business expenses are recorded when the products or services are received. Supplies purchased on credit in April are recorded as expenses for April, even if the business does not make a cash payment on the supplies until May.

Transactional Control Commands

Transaction management and forms software with all the must-have features, including current statewide contracts, local forms, and more. If the continuity directory requires replay, then the replay driver resubmits calls under instruction from the database. The replay driver receives a Fast Application Notification or recoverable error. In Table 10-1, no savepoints existed in the sal_update transaction so no savepoints were erased. Oracle Database releases all table and row locks acquired after the specified savepoint but retains all data locks acquired before the savepoint.

This statement creates a savepoint named after_greene_sal, enabling changes in this transaction to be rolled back to this point. This statement creates a savepoint named after_banda_sal, enabling changes in this transaction to be rolled back to this point. The ROLLBACK statement reverses the work done in the current transaction; it causes all data changes since the last COMMIT or ROLLBACK to be discarded. The ROLLBACK TO SAVEPOINT statement undoes the changes since the last savepoint but does not end the entire transaction. Causes an error and is rolled back, then the work performed by the first UPDATE statement is not rolled back. The first UPDATE statement can be committed or rolled back explicitly by the user.


However, when a transaction writes to multiple shards, not all outside read operations need to wait for the result of the committed transaction to be visible across the shards. A program that manages or oversees the sequence of events that are part of a transaction is sometimes called a transaction monitor. Transactions are supported by Structured Query Language, the standard database user and programming interface. When a transaction completes successfully, database changes are said to be committed; when a transaction does not complete, changes are rolled back. In IBM’s Customer Information Control System product, a transaction is a unit of application data processing that results from a particular type of transaction request. In CICS, an instance of a particular transaction request by a computer operator or user is called a task.

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