transaction

noun

trans·​ac·​tion tran-ˈzak-shən 

tran(t)-ˈsak-

1

a

: something transacted

especially : an exchange or transfer of goods, services, or funds

electronic transactions

b

transactions plural : the often published record of the meeting of a society or association

2

a

: an act, process, or instance of transacting

b

: a communicative action or activity involving two parties or things that reciprocally affect or influence each other

transactional

tran-ˈzak-shnəl 

-shə-nᵊl

tran(t)-ˈsak-

adjective

Synonyms

• deal
• sale
• trade

Examples of transaction in a Sentence

The entire transaction took place over the phone.

a record of your recent banking transactions

the transaction of business over the phone

Recent Examples on the Web

The public disclosures required by the law, for all transactions over $1,000, generated an unintended class of products. —Deirdre Walsh, NPR, 6 June 2024

To gain support from the Illinois Retail Merchants Association, a deal was struck to eliminate certain credit card fees, known as interchange fees, on the portion of transactions that includes sales tax and tips. —Jeremy Gorner, Chicago Tribune, 5 June 2024

Residential transactions in Santa Clara and The Peninsula. —Bay Area News Group, The Mercury News, 4 June 2024

For the year to date, growth in these transactions has been approximately 3.5%. —Byeleanor Pringle, Fortune, 31 May 2024

Word History

First Known Use

1632, in the meaning defined at sense 1a

Kids Definition

transaction

noun

trans·​ac·​tion tran(t)s-ˈak-shən 

tranz-

1

a

: something transacted

especially : a business deal

b

plural : the record of the meeting of an organization

2

a

: an act, process, or instance of transacting

b

: an act of communication between two people who influence or change each other

Legal Definition

transaction

noun

trans·​ac·​tion tran-ˈzak-shən, -ˈsak- 

1

: something transacted

especially : an exchange or transfer of goods, services, or funds

2

a

: an act, process, or instance of transacting

b

: an action or activity involving two parties or things that reciprocally affect or influence each other

3

in the civil law of Louisiana : an onerous contract that is intended by the parties to prevent or end actual or possible litigation and in which they make reciprocal concessions compare accord, satisfaction