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transaction

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

Simple Definition of transaction

  • : 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

Source: Merriam-Webster's Learner's Dictionary

Full Definition of transaction

  1. 1a :  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. 2a :  an act, process, or instance of transactingb :  a communicative action or activity involving two parties or things that reciprocally affect or influence each other

transactional play \-shnəl, -shə-nəl\ adjective

Examples of transaction in a sentence

  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



1632

First Known Use of transaction

1632


TRANSACTION Defined for Kids

transaction

play
noun trans·ac·tion \tran-ˈzak-shən\

Definition of transaction for Students

  1. 1 :  a business deal

  2. 2 transactions plural :  the record of the meeting of a club or organization




Law Dictionary

transaction

play
noun trans·ac·tion \tran-ˈzak-shən, -ˈsak-\

Legal Definition of transaction

  1. 1 :  something transacted; especially :  an exchange or transfer of goods, services, or funds

  2. 2a :  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. 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





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