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TeachMeFinance.com - explain Standard Transaction Standard Transaction The term 'Standard Transaction ' as it applies to the area of Medicare in the United States can be defined as ' Under HIPAA, this is a transaction that complies with the applicable HIPAA standard'. Previous 5 Terms: Standard Industrial Classification (SIC) standard notation Standard Review Plan Standard Synoptic Times Standard Technical Specifications Next 5 Terms: standard treatment standards of care Standards of identity for food Standby charge Standby Current About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.