Definition, Meaning & Synonyms
purchase-transaction
noun
/ˈpɜr.tʃəs trækˈsæk.ʃən/
Definition
A purchase transaction is the act of buying goods or services in exchange for money.
Examples
- She completed the purchase transaction online.
- Following the purchase transaction, a receipt was emailed to the customer.
Meaning
It refers to the process where a buyer agrees to pay for a product or service offered by a seller, which can be completed in various ways, including cash, credit card, or electronic payment.
Synonyms
- buying
- acquisition
- procurement
- purchase
