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

My company led the engagement from end to end, managing every stage of the transaction, from initial borrower readiness documentation and full IP valuation to coordination with insurance carriers and the lending partner. —Joseph K. Hopkins, Forbes.com, 8 July 2025

Mendez was employed by Rep 1 Baseball, which is also listed in the grievance, at the time of the transactions. —Brittany Ghiroli, New York Times, 8 July 2025

The Versant transaction is expected to be done by year’s end. —Cynthia Littleton, Variety, 8 July 2025

The Miller transaction allocates $480 million toward Real Salt Lake in the first MLS team sale since Blitzer bought RSL in early 2022. —Kurt Badenhausen, Sportico.com, 8 July 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