Financial transaction
Agreement, or communication, between a buyer and seller to exchange goods, services, or assets for payment.
- Financial transaction257 related topics
Online banking
Online banking, also known as internet banking, web banking or home banking, is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website.
Debt
Obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor.
In financial accounting, debt is a type of financial transaction, as distinct from equity.
Contract
Legally enforceable agreement that creates, defines, and governs mutual rights and obligations among its parties.
The transfer of debt, which was "not permissible under Roman law but became widely practised in medieval Europe, especially in commercial transactions", was due to the large extent of the "trade conducted by the Italian cities with the Muslim world in the Middle Ages".
Barter
In trade, barter (derived from baretor ) is a system of exchange in which participants in a transaction directly exchange goods or services for other goods or services without using a medium of exchange, such as money.
Bitcoin
Decentralized digital currency that can be transferred on the peer-to-peer bitcoin network.
In 2010, the first known commercial transaction using bitcoin occurred when programmer Laszlo Hanyecz bought two Papa John's pizzas for ₿10,000 from Jeremy Sturdivant.
United States dollar
Official currency of the United States and several other countries.
The United States Department of the Treasury exercises considerable oversight over the SWIFT financial transfers network, and consequently has a huge sway on the global financial transactions systems, with the ability to impose sanctions on foreign entities and individuals.
Trade
Trade involves the transfer of goods and services from one person or entity to another, often in exchange for money.
Some trace the origins of commerce to the very start of transactions in prehistoric times.
Stavros Lambrinidis
Greek lawyer and politician who has served as the Ambassador of the European Union to the United States since March 2019.
He trained in International Trade, Transactions and Arbitration, as a colleague of Lloyd Cutler (founder of Wilmer, Cutler & Pickering in Washington, D.C. and law advisor of the White House during Jimmy Carter's and Bill Clinton's Presidencies).
Tobin tax
Originally defined as a tax on all spot conversions of one currency into another.
The tax would only impact financial transactions between financial institutions charging 0.1% against the exchange of shares and bonds and 0.01% across derivative contracts.
Audit trail
Security-relevant chronological record, set of records, and/or destination and source of records that provide documentary evidence of the sequence of activities that have affected at any time a specific operation, procedure, event, or device.
Audit records typically result from activities such as financial transactions, scientific research and health care data transactions, or communications by individual people, systems, accounts, or other entities.