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-sh(ə-)nəl 

tran(t)-ˈsak-

adjective

Synonyms

• sale

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

There are no annual fees, maintenance fees or international transaction fees with the Chime Card. —Raina He, CNBC, 12 Sep. 2025

The transaction still needs NBA approval. —Eben Novy-Williams, Sportico.com, 12 Sep. 2025

Behind every transaction lies the complexities of tracking and reconciling those payments across multiple departments, all while ensuring policy compliance. —Forbes.com, 11 Sep. 2025

Investigators used evidence gathered in interviews and from phone records and financial transactions to establish that Weser had contact with the two women, who were reported missing a few days after a July 12 fire at Rhodes' home on Lauren Lane, the release states. —Arkansas Online, 11 Sep. 2025

Word History

First Known Use

1632, in the meaning defined at sense 1a

Rhymes for transaction

• abstraction
• attraction
• compaction
• contraction
• detraction
• diffraction
• distraction
• exaction
• extraction
• impaction
• inaction
• infraction

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