transaction-time

Vocabulary Word

Definition

'Transaction-time' is a term used to describe the period it takes to complete a business deal, like buying a product or delivering a service. It begins when the action is started and ends when it is finished.

Examples in Different Contexts

In stock trading, transaction time can significantly impact the success of a trade, as it refers to the exact time a trade is made on the stock market. A stockbroker might mention, 'Knowing the precise transaction time can help traders make better-informed decisions based on market movements.'

Practice Scenarios

Technology

Scenario:

The latest database update seems to be causing some lags. We need a solution to stabilize system performance.

Response:

Optimizing our server configurations can aid in reducing the transaction-time for each database operation.

Business

Scenario:

The finance team has noticed a few inefficiencies in our trading operations. Any thoughts on how we might enhance our process?

Response:

Investing in high-speed trading technology would significantly cut down our transaction-time.