Transactions

Transactions refer to the act of conducting business or exchanging goods, services, or money between parties. In a broader context, it encompasses any instance where there is a transfer of resources, such as buying and selling, lending and borrowing, or exchanging information. Transactions can be formal or informal and may occur in various settings, including financial markets, retail environments, and personal exchanges.In finance, transactions typically involve a buyer and a seller, where one party agrees to provide something of value (like money) in return for something else (like goods or services). Each transaction is usually documented to ensure clarity, accountability, and legal compliance.Moreover, transactions can be categorized into different types based on their nature, such as monetary transactions involving currency or barter transactions involving the exchange of goods without money. In digital contexts, transactions also refer to operations in databases or systems that ensure data integrity during updates or processing. Overall, transactions are fundamental to economic activities and play a crucial role in facilitating commerce and communication in various sectors.