Definition, Meaning & Synonyms
process-a-transaction
Verb phrase
/ˈprɒs.ɛs ə trænˈzak.ʃən/
Definition
The series of actions or steps taken to complete a financial or data exchange between parties.
Examples
- The bank will process a transaction within 24 hours.
- It is important to securely process a transaction to prevent fraud.
- She learned how to process a transaction quickly and accurately.
Meaning
To process a transaction typically involves validating, executing, and recording a trade, payment, or data transfer in a secure and efficient manner.
Synonyms
- Execute a transaction
- Complete a transaction
- Handle a transaction
