Share-based payment transaction is a transaction in which the entity receives goods or services as consideration for equity instruments of the entity (including shares or share options), or acquires goods or services by incurring liabilities to the supplier of those goods or services for amounts that are based on the price of the entity’s shares or other equity instruments of the entity.
Share-based payment transaction is specifically discussed in IFRS 2 Share-based Payment.
Source: Glossary of Terms of IFRSs as at 31 December 2008.
