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 What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party. — Daniel Tenreiro, National Review, "Good for Coinbase, Bad for Crypto," 15 Apr. 2021 Executives need to have a plan and a vision for why their company should transact with a SPAC. — Nina Trentmann, WSJ, "When SPACs Come Calling, 5 Things a Startup CFO Needs to Know," 29 Mar. 2021 By having the power to formally authenticate a piece of digital media, creators have full ownership of their virtual work and a place to monetize it, and can then directly transact with buyers without losing profits to an intermediary. — Leena Kim, Town & Country, "WTF is an NFT—and Why Should We Care?," 25 Mar. 2021 Norwegian companies will have to figure out how to transact in a currency that their government cannot easily influence. — Samanth Subramanian, Quartz, "Why the Norwegian krone could be the world’s first global currency," 4 Mar. 2021 Learning about proper security practices and how to transact crypto, as well as learning about the assets themselves, was a time consuming process. — Benjamin Pirus, Forbes, "5 Things I Wish I Knew Before Getting Into Crypto," 27 Feb. 2021 Buyers and sellers now transact on third-party apps like WhatsApp and Telegram, which comes with significant risks. — Grace Akinosun, Quartz, "Nigeria’s crypto startups and traders are still at the mercy of its central bank," 17 Mar. 2021 Moreover, the convenience of being able to transact business 24/7 from anywhere in the world is too good to give up. — Kristin Savilia, Forbes, "What A Difference A Year Makes: The New Retail Reality Is Here," 3 Mar. 2021 East Africa’s biggest company by market value is plotting the evolution of its mobile-money payments platform M-Pesa, which allows its 27 million customers to transact without smartphones. — Bella Genga, Bloomberg.com, "Kenya’s Mobile-Banking Pioneer to Expand into Money Management," 21 Dec. 2020

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.