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

Instead of handing off the transaction, brands retain customer data, measure full-funnel performance, and deliver a consistent shopping experience. —Jamie Gutfreund, Forbes.com, 14 Apr. 2025

Pick 12 Dallas Wings The Wings netted this pick from Phoenix in the four-team Sabally/Thomas transaction. —Sabreena Merchant, New York Times, 14 Apr. 2025

There’s no shortage of technical tools today, especially from the field of cryptography, that can effectively bind a digital identity to a transaction, Ramzan said. —Cheryl Winokur Munk, CNBC, 12 Apr. 2025

The eight-page complaint alleges that Crocket’s campaign accepted a total of $610 from 56 separate transactions in 2023 and 2024 from a 73-year-old retiree who was allegedly unaware of the donations. —Jack Birle, The Washington Examiner, 12 Apr. 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