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transaction

play
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

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

trans·ac·tion·al play \-shnəl, -shə-nəl\ 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



1632

First Known Use of transaction

1632



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