A Transaction Processor Is Also Known as the _____ Processor

question 16

Short Answer

A transaction processor is also known as the _____ processor.

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Definitions:

Good Faith

The sincere aim to behave without exploiting another party unfairly in a deal.

Commercial Standards

Commercial Standards are established norms or criteria within a business sector that guide the quality, performance, and conduct of activities in that field.

Treated

Subjected to a specific process or course of action, typically to achieve a certain effect or outcome.

Owns

To own means to have legal right or title to an object, property, or asset, granting the holder exclusive rights to the use, enjoyment, and disposition of that asset.