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What (who) is transaction account - definition
Transaction account
![1967 letter by the [[Midland Bank]] to a customer, informing on the introduction of electronic data processing and the introduction of account numbers for current accounts](https://commons.wikimedia.org/wiki/Special:FilePath/1967 Midland Bank letter on electronic data processing.JPG?width=200 "1967 letter by the [[Midland Bank]] to a customer, informing on the introduction of electronic data processing and the introduction of account numbers for current accounts")
FINANCIAL PRODUCT
Share draft; Checking account; Demand deposit account; Demand Deposits; Other Checkable Deposits; Checkable deposit; Checkable deposits; Checking deposits; Checking Deposits; Checking Accounts; Chequing account; Demand Account; Current account (banking); Checking accounts; Demand account; High yield checking account; High Yield Checking; Reward Checking; Commercial account; Business account; High-yield checking accounts; High-yield checking account; Current accounts; Transactional account; Payment account
A transaction account, also called a checking account, chequing account, current account, demand deposit account, or share draft account at credit unions, is a deposit account held at a bank or other financial institution. It is available to the account owner "on demand" and is available for frequent and immediate access by the account owner or to others as the account owner may direct.
Transaction cost
COST INCURRED IN MAKING AN ECONOMIC EXCHANGE
Transaction costs; Transactions costs; Transaction cost economics; Transaction Cost Economics; Entry cost; Transactions cost; Transaction-cost economics; Transaction (economics); Transactional cost; Transactional costs
In economics and related disciplines, a transaction cost is a cost in making any economic trade when participating in a market.Buy-side Use TCA to Measure Execution Performance, FIXGlobal, June 2010 Oliver E.
Financial transaction
![Silver coin of the [[Maurya Empire]], from the 3rd century BC](https://commons.wikimedia.org/wiki/Special:FilePath/MauryanCoin.JPG?width=200 "Silver coin of the [[Maurya Empire]], from the 3rd century BC")
AGREEMENT, OR COMMUNICATION, CARRIED OUT BETWEEN A BUYER AND A SELLER TO EXCHANGE AN ASSET FOR PAYMENT
Payment transactions; Bank transactions; Payment transfer; Financial transactions; Commercial Transaction; Commercial transaction; Cash transactions
A financial transaction is an agreement, or communication, between a buyer and seller to exchange goods, services, or assets for payment. Any transaction involves a change in the status of the finances of two or more businesses or individuals.
