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LEGAL GLOSSARYWhat Is a Digital Transaction?
A transaction carried out through electronic or digital systems.
What Does Digital Transaction Mean?
A digital transaction is a payment or other dealing completed through electronic systems, such as online payments, transfers and digital platforms. The records of such transactions are generated and stored digitally.
Why It Matters
Digital transactions are central to modern commerce, and their records often become important in disputes. Keeping transaction records and communications is therefore practical and prudent.
Related Information
Related legal terms: Online Fraud, Electronic Evidence
Related practice area: Cyber Law →
Dealing With a Related Matter?
This explanation is a general starting point. If the term matters in a specific situation you are facing, a conversation about your facts can help you decide the right next step.
Contact Gyanendra Singh →This definition provides general information and does not constitute legal advice. Laws change, and their application depends on the facts of a matter. For advice on your specific situation, consult a qualified lawyer.