Glossary A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | 1 | 3 | 4 | 5 Definitions by InvestorWords.com   What is...? transaction An agreement between a buyer and a seller to exchange an asset for payment. Or in accounting, any event or condition recorded in the books of account. see also account statement, agent, broker, arbitrage, arm's length transaction, balance of payments, bookkeeping, single-entry bookkeeping, double-entry bookkeeping, books of original entry, cash journal, COD, cash settlement, clearing, close, closing purchase, closing sale, opening purchase, opening sale, commission, confirmation, crowd, daisy chaining, discretionary order, uptick, downtick, efficiency, finder's fee, forward contract, front running, general ledger, insider report, Intermarket Trading System, kickback, last sale, market, match, monthly statement, off-board, offset, opening block, paper profit, paper loss, paper trading, party, realize, record, register, delivery, rescission, round turn, security deposit, settle, taxable event, ticker tape, trade, when issued, zero-minus tick, zero-plus tick. Copyright ©2009 by InvestorGuide.com. All Rights Reserved.