Main Entry: trans·ac·tion

Pronunciation: \tran-ˈzak-shən, tran(t)-ˈsak-\

Function: noun

Date: 1632

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