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-shnəl 

-shə-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

The 2002 article co-written by Winnett laid out the political connections of one of the fund’s two trustees, describing a set of real estate transactions for which the fund nearly failed to gain financing until a third party informed the bank that the loan was for Blair’s trust. —Aaron C. Davis, Washington Post, 17 June 2024

Accountable is a progressive nonprofit organization based in Washington, D.C., that monitors the financial transactions of right wing groups. —Stacy Perman, Los Angeles Times, 17 June 2024

The transaction ultimately took place in a liquor store. 4. —Christopher Lawrence, Twin Cities, 15 June 2024

Except for the Sunnyvale apartments deal that occurred in November 2023 and the Fremont apartments deal in September 2023, the examples all involve transactions that occurred in 2024. —George Avalos, The Mercury News, 14 June 2024

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