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

The filing also details various financial agreements, including convertible debt transactions and a licensing agreement with Advaxis, Inc. —Quartz Bot, Quartz, 15 Nov. 2024

That way, your antivirus software can detect threats in real-time, and a hacker would have to gain access to your phone and your Mac to execute any transactions. —Kate Irwin, PCMAG, 12 Nov. 2024

But Metcalf has had two recent transactions where the roof had to unexpectedly be replaced, requiring some tough negotiations between the two sides to resolve the issue. —Aldo Svaldi, The Denver Post, 10 Nov. 2024

The transaction never materialized as the agreement came at a time when the U.S. government was clamping down on Chinese involvement in the domestic tech sector. —Cj Haddad, CNBC, 4 Nov. 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