transaction

play
noun trans·ac·tion \tran-ˈzak-shən, tran(t)-ˈsak-\

Definition of transaction

  1. 1a :  something transacted; especially :  an exchange or transfer of goods, services, or funds electronic transactionsb transactions plural :  the often published record of the meeting of a society or association

  2. 2a :  an act, process, or instance of transactingb :  a communicative action or activity involving two parties or things that reciprocally affect or influence each other

transactional

play \-shnəl, -shə-nəl\ adjective

Examples of transaction in a Sentence

  1. The entire transaction took place over the phone.

  2. a record of your recent banking transactions

  3. the transaction of business over the phone

Recent Examples of transaction from the Web

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

First Known Use of transaction

1632


TRANSACTION Defined for English Language Learners

transaction

play
noun

Definition of transaction for English Language Learners

  • : a business deal : an occurrence in which goods, services, or money are passed from one person, account, etc., to another

  • : the act or process of doing business with another person, company, etc. : the act or process of transacting business


TRANSACTION Defined for Kids

transaction

play
noun trans·ac·tion \tran-ˈzak-shən\

Definition of transaction for Students

  1. 1 :  a business deal

  2. 2 transactions plural :  the record of the meeting of a club or organization


Law Dictionary

transaction

play
noun trans·ac·tion \tran-ˈzak-shən, -ˈsak-\

Legal Definition of transaction

  1. 1 :  something transacted; especially :  an exchange or transfer of goods, services, or funds

  2. 2a :  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. 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



Seen and Heard

What made you want to look up transaction? Please tell us where you read or heard it (including the quote, if possible).

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!

WORD OF THE DAY

set in a bent position

Get Word of the Day daily email!

Test Your Vocabulary

The Emoji Quiz

  • emoji-the-quiz
  • What phase of the moon is this: 🌖 ?
True or False

Test your knowledge - and maybe learn something along the way.

TAKE THE QUIZ
Syn City

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!