WWGD:
Not to quibble too much, but I have seen two main definitions of transversality used,
and I wondered which one you are using:
1) First and weaker of the two, states that if submanifolds S,S' of ambient M intersect
transversely at p, then the (vector space) sum of the tangent spaces TpS and TpS'
equals TpM , i.e., the sum spans the tangent space of the ambient manifold.
2) The second and stronger one (stronger in that it excludes some cases of 1) , is
that each point p of intersection has a neighborhood Up with Phi(Up)=
(x1,x2,..,xn,0,0,..,0) (Phi is a chart map). This excludes, e.g., Sin(1/x) and the
x-axis.
BTW, the Mathworld entry "http://mathworld.wolfram.com/HomologyIntersection.html" seems to agree in a weaker
sense, in that it states that cycles (homology classes) that intersect transversely are also cycles ,and it gives
the example of y=x^2 and the x-axis as an example of a non-transverse intersection in the sense 2) above,
showing how the intersection is unstable, in that a small perturbation --e.g., moving y=x^2 upwards changes
the (algebraic) intersection number .