business transaction

  

Definition

An economic event that initiates the accounting process of recording it in a company's accounting system.

Use this term in a sentence

  • The politician who believed in free market capitalism was arrested for soliciting a prostitute; he shrugged it off and just said it was a legitimate business transaction.

    10 people found this helpful
  • Andrea knew that, while she was personally upset, the selling of her company's New Brunswick office was just a business transaction that made since because most of their customers lived further south.

    10 people found this helpful
  • You should always try to make sure that both parties in the business transaction are happy with how things played out.

    3 people found this helpful
Show more usage examples...

Related Videos




http://www.businessdictionary.com/definition/business-transaction.html

Have a question about this term? Ask for help in the
Community
Browse by Letter: # 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