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The act of obtaining and paying for an item or service.

Also known as a deal or a trade.


The transmission and processing of an item of data.

3. Corporate finance.

A major corporate transaction such as an acquisition, merger or disposal.

4. Relationship management.

An approach to interactions that focuses on the outcome of the situation immediately in view, also known as transactional.

Contrasted with a longer term relationship approach.

See also