Lexeme: transaction time  
Rare (0.02)
Definition:
  1. noun. Transaction time refers to the duration it takes for a transaction or a financial operation to be completed or processed. It measures the time interval between initiating a transaction and its final settlement or confirmation. This time can vary depending on the nature of the transaction and the specific type of financial system or infrastructure used for processing it. Factors that can impact transaction time include the complexity of the transaction, the efficiency of the payment or financial network, and any intermediaries involved in the process. GPT3.5
Word Forms:
  • noun. transaction time (singular), transaction times (plural)
Synonyms:
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Composition:
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