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

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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 Think of the 170 million Facebook users in Africa, many of whom already bank and transact on mobile phones. — Molly Wood, WIRED, "Facebook’s Libra Cryptocurrency Betrays the Company’s True Ambitions," 26 June 2019 The value of apartment deals transacted in the quarter fell by 40 percent year over year to $1.5 billion in the Houston region in the third quarter. — Katherine Feser, Houston Chronicle, "Investors pump less money into Houston real estate in Q3," 29 Nov. 2019 China, which has a tight hold on its currency, also uses Hong Kong as the first financial stop to transact and trade with the rest of the world. — New York Times, "Highways on Fire. Semesters Cut Short. A Recession. Can Hong Kong Heal?," 14 Nov. 2019 That in turn has created a spur to find new ways to inflate the figure, such as taking orders early, avoiding processing refunds on that day, and offering incentives to transact. — Tim Culpan | Bloomberg, Washington Post, "It’s Time for Alibaba to Slay the Monster Jack Ma Created," 10 Nov. 2019 Choose two agents at random and have them transact, then do the same with another two, and so on. — Bruce M. Boghosian, Scientific American, "Is Inequality Inevitable?," 1 Nov. 2019 Zuckerberg himself acknowledges that more people transacting on Facebook will help the company’s bottom line. — Wired, "How to Watch Mark Zuckerberg’s Libra Testimony in Congress," 22 Oct. 2019 This new borderless virtual currency could then be transacted not only within the app, but also with the partners on the project, such as Uber and Spotify. — Lucinda Shen, Fortune, "Tala CEO: How Facebook’s Libra Cryptocurrency Can Help Companies Scale," 19 June 2019 The size of the region’s internet economy in gross merchandise volume, or the amount of business transacted, should more than triple from $72 billion last year to $240 billion by 2025, according to a report co-written by Alphabet Inc. — Newley Purnell, WSJ, "New Fund for Southeast Asia Tech Hits First Close," 13 June 2019

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.

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Dictionary Entries near transact

transactional analysis

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Last Updated

21 Jan 2020

Cite this Entry

“Transact.” The Merriam-Webster.com Dictionary, Merriam-Webster Inc., https://www.merriam-webster.com/dictionary/transact. Accessed 24 January 2020.

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More Definitions for transact

transact

verb