A transaction that neither involves transfer of fund from one person to another nor has monetary value. An example is a change of personal detail. Non-monetary transaction can also be used in the activation of an Automated Clearing House (ACH) which cost $0 and the notification of change from an ACH.
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Dec 19, 2011 ... If one of the parties in a nonmonetary transaction could have elected to receive cash instead of the nonmonetary asset, the amount of cash that ...