Dictionary

transaction

noun trans·ac·tion \tran-ˈzak-shən, tran(t)-ˈsak-\

: a business deal : an occurrence in which goods, services, or money are passed from one person, account, etc., to another

: the act or process of doing business with another person, company, etc. : the act or process of transacting business

Full Definition of TRANSACTION

1
a :  something transacted; especially :  an exchange or transfer of goods, services, or funds <electronic transactions>
b 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
trans·ac·tion·al \-shnəl, -shə-nəl\ adjective
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Examples of TRANSACTION

  1. The entire transaction took place over the phone.
  2. a record of your recent banking transactions
  3. the transaction of business over the phone

First Known Use of TRANSACTION

1632

Other Business Terms

amortize, caveat emptor, clearinghouse, divest, due diligence, emolument, green-collar, marque, overhead, perquisite
TRANSACTION Defined for Kids

transaction

noun trans·ac·tion \tran-ˈzak-shən\

Definition of TRANSACTION for Kids

1
:  a business deal
2
transactions plural :  the record of the meeting of a club or organization

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