### Question
What is the definition of transaction?


### Answer
The definition of **transaction** is as follows in *15 U.S.C. § 7006*:

> an action or set of actions relating to the conduct of business, consumer, or commercial affairs between two or more persons, including any of the following types of conduct—


(A) the sale, lease, exchange, licensing, or other disposition of (i) personal property, including goods and intangibles, (ii) services, and (iii) any combination thereof

#### Citation:
  - *15 U.S.C. § 7006*
  - Heading: **CHAPTER 96-ELECTRONIC SIGNATURES IN GLOBAL AND NATIONAL COMMERCE > SUBCHAPTER I-ELECTRONIC RECORDS AND SIGNATURES IN COMMERCE**

