Transactional
volume
British pronunciation/tɹænsˈækʃənə‌l/
American pronunciation/tɹænsˈækʃənəl/

Definition & Meaning of "transactional"

transactional
01

relating to or involving a process of exchange or interaction between two or more parties, typically involving the exchange of goods, services, or information

example
Example
examples
The legal contract outlines the transactional details of the business deal between the two parties.
The transactional relationship between buyer and seller is governed by market dynamics.
The economy relies on transactional activities to facilitate the exchange of goods and services.
The company's success relies on efficient transactional processes for buying and selling goods.
Online banking has made transactional activities such as transferring funds easier and more convenient.
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