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

Additionally, 32 accounts had transactions over $10 million each, which was up 52% year over year. —Jeff Marks, CNBC, 14 Feb. 2025

Granted, Miller was 33 in his first Buffalo season, but that six-year, $120 million transaction has been an organizational pockmark. —Tim Graham, The Athletic, 14 Feb. 2025

This loss comes after a recent high-profile transaction in the same building involving Illinois Governor JB Pritzker, who purchased the top two floors from billionaire Citadel CEO Ken Griffin. —Dan Perry, Newsweek, 13 Feb. 2025

Kutler takes the helm of the network at a key moment: MSNBC will be spun off from Comcast, along with other cable channels, in a transaction expected to be completed by the end of the year. —Ted Johnson, Deadline, 12 Feb. 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