Transaction - Commerce

Commerce

  • Financial transaction, an agreement, communication, or movement carried out between a buyer and a seller to exchange an asset for payment
  • Electronic funds transfer, the electronic exchange or transfer of money from one account to another
  • Real estate transaction, the process whereby rights in a unit of property is transferred between two or more parties
  • Transaction cost, a cost incurred in making an economic exchange

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Famous quotes containing the word commerce:

    Honour sinks where commerce long prevails.
    Oliver Goldsmith (1728–1774)

    On 16 September 1985, when the Commerce Department announced that the United States had become a debtor nation, the American Empire died.
    Gore Vidal (b. 1925)

    The Great Society is a place where every child can find knowledge to enrich his mind and to enlarge his talents.... It is a place where the city of man serves not only the needs of the body and the demands of commerce but the desire for beauty and the hunger for community.... It is a place where men are more concerned with the quality of their goals than the quantity of their goods.
    Lyndon Baines Johnson (1908–1973)