Intelligent Building Dictionary



1) in Real Estate the term transaction is most commonly used to mean a purchase/sale although it can include leasing and other activities; 2) in Information Technology a transaction is a unit of work that includes all of the database updates required for a specific business activity and the requirement that either all updates are successful or all updates are backed out (see Atomic Transaction), for example the credit card charges, accounting entries, and inventory updates for a sale.

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