Re: Lambert/ Re: Settlement is final?
in response to
by
posted on
Apr 17, 2008 10:25PM
Has anybody disected the word transaction yet? (I suppose so) I have not completely read all of the posts from the last two days. Maybe the settlement hasn't yet become a "financial transaction".
It has been suggested that Payment be merged into this article or section. (Discuss) |
A financial transaction involves a change in the status of the finances of two or more businesses or individuals.
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The most common type of financial transaction. An item or good is exchanged for money. This transaction results in a decrease in the finances of the purchaser and an increase in the benefits of the seller.