transact

verb

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

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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

The first is a decentralized database that maps people’s phone numbers to public encryption keys, alphanumeric strings required for transacting in cryptocurrency. — Robert Hackett, Fortune, "Ex-GoDaddy Execs Raise $6.5 Million for Cheap, Android Phone-Friendly Blockchain," 22 June 2018 Of course a northern Ohio fake-ID manufacturing ring operating on Reddit would prefer to transact in bitcoin. — Erin Griffith, WIRED, "The Dark Side of the Crypto Revolution," 17 June 2018 So the promise that the government’s going to give you a currency that’s free to transact in society, that’s a broken promise. — Recode Staff, Recode, "Full transcript: Chain CEO Adam Ludwin answers cryptocurrency questions on Too Embarrassed to Ask," 14 Mar. 2018 Agents and clients transact business through its smartphone application. — Hudson Sangree, sacbee, "Do you need to pay all that money to a real estate agent? Upstart firms say no," 12 Feb. 2018 Very few categories are as big as this trillion dollars of spending on local services, almost completely offline with no digital revolution for how they are discovered and transacted. — Carolyn Said, SFChronicle.com, "Why the robot apocalypse won’t kill all gig economy jobs," 16 June 2018 People transacted business by trading actual, physical things. — Dave Barry, miamiherald, "Classic '98: Funny money," 3 June 2018 The apparent demise of that deal and the resumption of American sanctions against companies transacting with Iran is expected to cost European firms billions of dollars in sales, with French, German and Italian interests especially vulnerable. — Peter S. Goodman, New York Times, "For Europe, an Unpleasant Question: Confront Trump or Avoid a Costly Trade War," 1 June 2018 Another practice, known as wash trades, occurs when people transact trades with themselves to give the market a false impression of demand. — Dan Goodin, Ars Technica, "The DoJ is reportedly probing the murky world of bitcoin trading," 24 May 2018

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.