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Definitions from the Web

Transaction-based

Description

The term "transaction-based" refers to a system, process, or model that is centered around transactions or exchanges of goods, services, or information. It relates to any activity or concept that is primarily based on the completion of a transaction.

Sample Sentences

Adjective:

1. The business has adopted a transaction-based approach to increase customer satisfaction.
2. In a transaction-based economy, every action involves an exchange of value.
3. His success is largely attributed to his transaction-based mindset.

Noun:

1. Blockchain technology has revolutionized transaction-based systems.
2. Companies are shifting towards transaction-based models to enhance operational efficiency.
3. Understanding the principles of a transaction-based environment is crucial in the field of e-commerce.

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