transaction finality
[træn'zækʃən fə'næləti]
noun phrasepl: transaction finalities
finalidade da transação
1. The point at which a transaction is completed and cannot be reversed or undone; the state of being conclusive and binding
Bitcoin achieves transaction finality after multiple block confirmations on the blockchain.
O Bitcoin atinge a finalidade da transação após múltiplas confirmações de bloco no blockchain.
2. In financial systems, the guarantee that a completed transaction will not be reversed by either party
The bank ensures transaction finality within 24 hours for domestic transfers.
O banco garante a finalidade da transação dentro de 24 horas para transferências domésticas.
3. The point in a settlement process where both parties have fulfilled their obligations and the transaction is irreversible
Transaction finality is crucial for payment systems to maintain trust and stability.
A finalidade da transação é crucial para que os sistemas de pagamento mantenham confiança e estabilidade.
Transaction finality is a critical concept in both traditional banking and modern cryptocurrency/blockchain discussions. In Brazil, the term is increasingly used in fintech and banking regulations, particularly with the growth of instant payment systems (Pix). In the USA and globally, it's essential terminology for understanding blockchain technology, where finality represents the cryptographic guarantee that transactions cannot be reversed. The concept became more prominent following the 2008 financial crisis when settlement risks were reexamined.
Related Idioms & Phrases
achieving transaction finality
transaction finality guarantee
point of transaction finality
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