transact

verb

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trans·act | \ tran-ˈzakt

, tran(t)-ˈsakt

transacted; transacting; transacts

Definition of transact

transitive verb

1 : to carry to completion transact a sale

2 : to carry on the operation or management of : do transact business

intransitive verb

: to carry on business

Other Words from transact More Example Sentences Learn More About transact

Examples of transact in a Sentence

We had some important business to transact with our distributors. transact a real estate deal

Recent Examples on the Web So, if all Bitcoin held at exchanges amounts to a certain pool of Bitcoin and traders only transact a small percentage (top layer) of the total pool, the exchanges can lend the dormant (reserve) Bitcoin to unsuspecting buyers. — Rufas Kamau, Forbes, 14 May 2022 Because that is essentially what banks do now, transact and settle (electronically) using reserve accounts held at the Fed, there aren’t very many new and interesting wholesale CBDC policy issues. — Norbert Michel, Forbes, 12 Apr. 2022 The criminal industry’s growth has been abetted by cryptocurrencies, like Bitcoin, which allow hackers to transact with victims anonymously, though experts see virtual currency exchanges as a weak point for ransomware gangs. — New York Times, 16 Dec. 2021 Bitcoin eliminates the need for a commercial bank to safely store your value and transact globally. — Rufas Kamau, Forbes, 12 Apr. 2022 Project Dunbar, as it is called, will use CBDCs to create platforms for financial institutions to transact directly with each other using digital currencies issued by the central banks. — Alexander Onukwue, Quartz, 28 Oct. 2021 This month, Major League Soccer became the first professional sports league to transact a major commercial deal with all-Black banks. — Ashley Bell, Fortune, 21 Mar. 2022 If Russia makes the dollar payment, but foreign banks are unable to transact with Russia’s central bank because of sanctions, then money owed to foreign creditors will be held in special accounts inside of Russia. — Alexander Saeedy And Caitlin Ostroff, WSJ, 16 Mar. 2022 What’s most troubling, then, is not just the primacy that some coiners place on the freedom to transact above other, more pro-social rights. — Jacob Silverman, The New Republic, 3 Mar. 2022 See More

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'transact.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.