HomeDefinitionsCompareDebt Transaction accountThe financial definition for Transaction account:A checking or similar account from which transfers can be made to third parties. Demand-deposit accounts, negotiable order of withdrawal NOW accounts, automatic transfer service (ATS) accounts, and credit union share draft accounts are examples of transaction accounts at banks and other depository institutions. Similar MatchesCash transactionCash transactionA transaction in which exchange is immediate in the form of cash, unlike a forward contract (which calls for future delivery of an asset at an agreed-upon price). Closing transactionClosing transactionApplies to derivative products. Buy or sell transaction that eliminates an existing position (selling a long option or buying back a short option). Antithesis of opening transaction. COD transactionCOD transactionSee: Delivery versus payment Further SuggestionsFederal intrafund transactionsForward exchange transaction Highly leveraged transaction (HLT) Intercompany transaction Interfund transactions Intrabudgetary transactions Net sales transaction Click to compare definitions of Transaction account Click to view definitions beginning tr |