what is secured transaction?

Answer 1

It meens the security can't be breached. A secures transaction over the internet uses a 64 secure socket layer (SSL) and you will always see a gold lock on the screan.

Answer 2

It's a form of transaction which is supposed to be totally secured so that no one else can get access to the details of the transaction. For example, when people do internet banking with major banks or credit cards, you'll see that in the bottom of the internet browser (such as internet explorer), it says "128bit SSL secured" or something similar which means that no one should (ideally!) be able to hack into your computer or the transaction and get your confidential information. The information is coded and therefore can not be understood by anyone who might try to steal the internet signal. Hope this helps!

Answer 3

A secure transaction could be one done over a ssl encryption page where a hacker can't break into the page and still the information.

Answer 4

This term is used when using a credit/debit/checking card along with imputing passwords. This means that your information is secured and hevally incrypted so random strangers cant get that information and steal your identity. If you shop online using a Internet Explorer web browser, to picture of a lock on the status bar will let you know that the personal information you imput is kept safe and secure.

Answer 5

secured transactions are covered by the Uniform Commercial Code. this is best explained by example: you buy a car on credit from the dealer, the dealer has a financing arrangement with a lender, either the dealer or lender can then take your car upon non-payment. your signing a promissory note makes you financially responsible, payment to the lender is secured by that note. I