transaction

noun

trans·​ac·​tion tran-ˈzak-shən 

tran(t)-ˈsak-

1

a

: something transacted

especially : an exchange or transfer of goods, services, or funds

electronic transactions

b

transactions 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

transactional

tran-ˈzak-shnəl 

-shə-nᵊl

tran(t)-ˈsak-

adjective

Synonyms

• deal
• sale
• trade

Examples of transaction in a Sentence

The entire transaction took place over the phone.

a record of your recent banking transactions

the transaction of business over the phone

Recent Examples on the Web

Instead of completing the transaction, the woman said she was robbed at Kiefer Boulevard and South Port Drive, near a residential area and a Shell gas station, deputies said. —Ishani Desai, Sacramento Bee, 6 Apr. 2024

Consumers can legally purchase up to 28 grams of cannabis per dispensary transaction. —Laura Daniella Sepulveda, The Arizona Republic, 5 Apr. 2024

Previously working on a system designed in a monolithic pattern and deployed on-premise, Mahalingam broke the system in his company, into microservices and migrated it to Azure cloud to scale automatically with the seasonally increasing or decreasing transaction volume. —Hilary Tetenabaum, USA TODAY, 5 Apr. 2024

Nakamoto’s 2008 white paper on Bitcoin talks about doing financial transactions peer-to-peer, without the risk of counterparties like banks, brokers, and remittance centers. —Zain Jaffer, Rolling Stone, 5 Apr. 2024

The settlement proposes changes to prevent agents on either side of the transaction from coordinating on commissions, which experts say leads to price fixing. —Aaron Gregg, Washington Post, 5 Apr. 2024

Both firms agreed to waive a 35-cent transaction fee for Miami Beach residents. —Aaron Leibowitz, Miami Herald, 3 Apr. 2024

The leasing transaction by PwC represents a big win for Santana Row, a destination neighborhood in western San Jose. —George Avalos, The Mercury News, 2 Apr. 2024

But brokers whose clients have been switched through unauthorized transactions say the real losers are consumers. —Julie Appleby, NPR, 1 Apr. 2024

Word History

First Known Use

1632, in the meaning defined at sense 1a

Kids Definition

transaction

noun

trans·​ac·​tion tran(t)s-ˈak-shən 

tranz-

1

a

: something transacted

especially : a business deal

b

plural : the record of the meeting of an organization

2

a

: an act, process, or instance of transacting

b

: an act of communication between two people who influence or change each other

Legal Definition

transaction

noun

trans·​ac·​tion tran-ˈzak-shən, -ˈsak- 

1

: something transacted

especially : an exchange or transfer of goods, services, or funds

2

a

: 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

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