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

• 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

At its peak, Silk Road functioned as a global drug bazaar, with transactions conducted largely in bitcoin. —Mackenzie Sigalos, CNBC, 22 Jan. 2025

The company receives fees only when the homeowner and the contractor decide to work together and there is an actual transaction. —Jennifer Castenson, Forbes, 21 Jan. 2025

These platforms should include advanced product and user/influencer attribution engines that facilitate meaningful interactions and transactions. —Arthur Zaczkiewicz, WWD, 21 Jan. 2025

Marsico opened and funded a brokerage account and bought more than 900,000 shares of Goodness Growth stock in 359 separate transactions for a total of approximately $1.5 million in the Canadian over-the-counter market, prosecutors alleged. —Jason Meisner, Chicago Tribune, 21 Jan. 2025

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