Transaksion

Transaksion is a term that appears in some discussions as an alternative or broader notion of a transaction. Unlike a strictly defined financial transaction, transaksion is used informally to refer to any exchange event that involves value, information, or rights between parties. Because it lacks a universally adopted standard definition, its precise meaning is context dependent.

In economics and commerce, transaksion may denote the complete cycle of an exchange, from initiation and negotiation through fulfillment and settlement, including the legal or contractual aspects. In information systems and fintech, the word is used to describe modeling constructs, data flows, or protocols that capture or manage such exchanges, and it may be used to describe a generic operation that updates accounts, records, or asset ownership.

Relation to transaction: The term is often related to or contrasted with “transaction” and may be used interchangeably in some communities, while others distinguish transaksion as the event or process, and transaction as the data record. Without standardization, its usage can lead to ambiguity.

See also: Transaction, Transaction processing, Settlement, Ledger, Fintech.