Contractual Transaction

From Open Risk Manual

Definition

Contractual Transaction. An economic transaction which has some contractual basis.

This is distinct from a transaction between business units within an enterprise. This is the usual sense of "Transaction" and forms the basis for all securities and derivatives transactions, while the parent term "Economic Transaction" may also be used to define internal transactions and transactions that have no legal or contractual basis.

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This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.

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