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::Financial transaction

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Money::credit    Seller::account    Amount::purchase    Buyer::goods    Usually::lender    Interest::debit

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Financial transaction involving money and agricultural goods at a farmers' market

A financial transaction is an agreement, communication, or movement carried out between a buyer and a seller to exchange an asset for payment. It involves a change in the status of the finances of two or more businesses or individuals. The buyer and seller are separate entities or objects, often involving the exchange of items of value, such as information, goods, services, and money. It is still a transaction if the goods are exchanged at one time, and the money at another. This is known as a two-part transaction: part one is giving the money, part two is receiving the goods.


Financial transaction sections
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