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Transaction

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Possible Answers:
DEAL.

Last seen on: NewsDay Crossword December 14 2022

Random information on the term “Transaction”:

A financial transaction is an agreement, or communication, between a buyer and seller to exchange goods, services, or assets for payment. Any transaction involves a change in the status of the finances of two or more businesses or individuals. A financial transaction always involves one or more financial asset, most commonly money or another valuable item such as gold or silver.

There are many types of financial transactions. The most common type, purchases, occur when a good, service, or other commodity is sold to a consumer in exchange for money. Most purchases are made with cash payments, including physical currency, debit cards, or cheques. The other main form of payment is credit, which gives immediate access to funds in exchange for repayment at a later date.

There is no evidence to support the theory that ancient civilizations worked on systems of barter. Instead, most historians believe that ancient cultures worked on principles of gift economy and debt. In a gift economy, valuables are given without any formal declaration of repayment, often thought to be a form of reciprocal altruism. Official systems of credit and debt were first created around 1800 BCE by the Babylonians, who established the first formal interest rate limits with the Code of Hammurabi.

Transaction on Wikipedia

Random information on the term “DEAL”:

In cryptography, Ladder-DES is a block cipher designed in 1994 by Terry Ritter. It is a 4-round Feistel cipher with a block size of 128 bits, using DES as the round function. It has no actual key schedule, so the total key size is 4×56=224 bits.

In 1997, Eli Biham found two forms of cryptanalysis for Ladder-DES that depend on the birthday paradox; the key is deduced from the presence or absence of collisions, plaintexts that give equal intermediate values in the encryption process. He presented both a chosen-plaintext attack and a known-plaintext attack; each uses about 236 plaintexts and 290 work, but the known-plaintext attack requires much more memory.

This cryptography-related article is a stub. You can help Wikipedia by expanding it.

DEAL on Wikipedia

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