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

TRANSACTION ACCOUNT

Deposit account the holder can make transfers or withdrawals from to third parties.

TRANSACTION PROCESSING

1. Commerce. Sequence of steps involved to receive an order, verify terms and payment methods and ship or deliver the goods. 2. Computing. Processing the request of a user one at a

TRANSACTIONAL LEADERSHIP

Leadership style based on clear setting of objectives and goals and use of rewards and punishment to encourage goal compliance.

TRANSBORDER

Movement of goods overland from one country to the adjacent country.

TRANSDUCER

Device converting input signals into a different kind of output signal.

TRANSFER

1. Banking. Funds moved between accounts. 2. Real estate. Property title conveyance moved from seller to buyer through deed transfer. 3. Securities trading. Share certificate delivery by the seller’s broker to the

TRANSFER COST

1. Total cost entailed with moving an item from one place to another place. 2. Alternate term for transfer price.

TRANSFORMATION

Organization. Process of radical changes that takes the company in a new direction and effectiveness level.

TRANSFORMER

Device that changes an alternating current, AC, from one voltage to another by using electromagnetic induction.

TRANSISTOR

Small solid state semi-conductor that regulates flow of electric current.

TRANSIT ITEM

Draft or cheese not issued by the bank it is being deposited in.

TRANSIT VISA

A short term visa that allows a person to travel through one country on the way to another.

TRANSIT ZONE

Free trade zone where port of entry is the distribution center and storage center for a country that is landlocked or has no cargo handling facilitates.

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