My book gives this definition.
A permutation $z\in S_n$ is a transposition if:
- there exist $i,j\in[n]=\{1,2,3,\dots,n\}$ with $i\ne j$, $z(i)=j$ and $z(j)=i$
- for all $k\in[n]$ with $k\ne i$ and $k\ne j$, $z(k)=k$
According to this definition, is $(12)(34)(56)(7)$ a transposition? Because in his explanation he mentions that a "vast majority of cycles are singletons".