transaction

trans·ac·tion

noun \tran-ˈzak-shən, tran(t)-ˈsak-\

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-n^əl\ adjective

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

Related to TRANSACTION

Synonyms: deal, trade, sale

Related Words: auction, silent auction; haggle, horse-trading, negotiation; bargain, buy, steal; purchase; clearance, closeout, fire sale; fair; garage sale, jumble sale [British], rummage sale, tag sale, yard sale

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Other Business Terms

amortize, caveat emptor, clearinghouse, divest, due diligence, emolument, green-collar, marque, overhead, perquisite

Rhymes with TRANSACTION

abstraction, attraction, bolt-action, class action, compaction, contraction, cross action, detraction, diffraction, distraction, exaction, extraction, impaction, inaction, infraction, job action, live-action, olfaction, protraction, reaction, redaction, refraction, retraction, stop-action, subtraction