A Business Transaction can be defined as an interaction in the real world between an enterprise and an individual or between two applications within or outside the enterprise that brings about a consistent change in the state of a business relationship between two or more such parties. A business relationship is any distributed state held by the parties which is subject to contractual constraints agreed by those parties. Business transactions require the execution of multiple operations. If a business transaction completes successfully then each participant will have made state changes which, in aggregate, reflect the desired outcome of the multi-party interaction.
the result of two or more legally recognized accounting entities creating, consummating, or correcting their legal contractual obligations with each other with regard only to the exchange of money, or the exchange of goods and services, which can be valued in terms of money.
A predefined set of business activities that are initiated by an organization to accomplish an explicitly shared business goal and terminated upon recognition of one of the agreed conclusions by all the involved organizations although some of the recognition may be implicit.
An economic event that changes the financial position of an organization; often takes the form of an exchange of economic consideration (such as goods, services, money, or rights to collect money) between two parties.
opération commerciale Any event, condition, action or commitment, the result of which is the acquisition, disposition or use of assets or resources; the increase or reduction in a liability; the receipt or payment of funds; or the provision of services of which a client is charged. Business transactions occur commonly in, but are not limited to, such diverse areas as finance, administration, personnel, contracts, and program management. Business transactions may also include formal approvals or authorizations such as correspondence. Source: Policy on Electronic Authorization and Authentication
The smallest unit of a business activity. Refers to both University administrative and commercial activities. Within the context of email, the email becomes a record when it is transmitted (i.e sent).(AS 4390 Part 1 Clause 4.27)