1. Transaction management deals with the problems of always keeping the database in a consistent state even when concurrent accesses and failures occur. 2. A transaction consists of a sequence of read and write operations on the database, together with computation steps. 3. Durability is the property of transactions that requires each transaction to see a consistent database at all times. 4. Isolation refers to that property of transactions which ensures that once a transaction commits, its results are permanent and cannot be erased from the database. 5. The history of transaction execution at each site is called a global history. 6. Optimistic algorithms synchronize the concurrent execution of transactions early in their execution life cycle, whereas pessimistic algorithms delay the synchronization of transactions until their termination..