Transakcie

Transakcie, the Slovak term for transactions, denote exchanges of value between two or more parties under agreed terms. They are fundamental to commerce and finance, encompassing the transfer of money, goods, services, or information, and may occur domestically or across borders.

Common types include financial transactions (payments, loans, investments), commercial transactions (sale of goods or services), and digital or electronic transactions (online payments, bank transfers, mobile wallets). Barter and securities transactions are also cases, as are settlement of claims or obligations.

Elements of a transaction include the participants, the asset or value exchanged, the price or consideration, the date and method of settlement, and the contract terms governing the exchange. The processing usually involves initiation, authorization, verification, and settlement, with some transactions settled instantly and others after a processing window.

Transactions are recorded in ledgers or databases, using accounting systems such as double-entry bookkeeping. In financial services, payment networks, clearinghouses, and banks coordinate settlement. Increasingly, transactions occur on digital platforms, supported by cryptographic security, digital signatures, and, in some cases, blockchain-based contracts.

Transactions are governed by contract law, consumer protection rules, and financial regulations. Risks include fraud, non-settlement (settlement risk), and privacy concerns. Compliance measures often involve know-your-customer (KYC), anti-money-laundering (AML) controls, and audit trails.