The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

ONLINE TRANSACTION PROCESSING (OLTP) Definition & Legal Meaning

Definition & Citations:

This is a computing system in which time-sensitive data related to a transaction is processed immediately. Data must always be kept current. This is usually found in online banking, control of inventories, manufacturing schedules, and reservations of tickets. ACID qualities maintain the integrity of the data to make sure that transactions are executed correctly.

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