Definition
Any exchange of goods, services, or money, elevated to sound more important when preceded by 'business' or followed by 'cost.' In startup world, it's the holy grail metric that proves people are actually using your product for its intended purpose rather than just kicking the tires. VCs obsess over transaction volume, transaction value, and transaction frequency as if counting exchanges of value will somehow predict the future.
Example Usage
The fintech startup proudly announced they'd processed their millionth transaction, neglecting to mention the average value was $0.37.
Source: Business and finance terminology
Related Terms
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See “transaction” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.
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