transaction

noun
trans·​ac·​tion | \ tran-ˈzak-shən How to pronounce transaction (audio) , tran(t)-ˈsak- \

Definition of transaction

1a : something transacted especially : an exchange or transfer of goods, services, or funds electronic transactions
b transactions plural : the often published record of the meeting of a society or association
2a : an act, process, or instance of transacting
b : a communicative action or activity involving two parties or things that reciprocally affect or influence each other

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Other Words from transaction

transactional \ tran-​ˈzak-​shnəl How to pronounce transactional (audio) , -​shə-​nᵊl , tran(t)-​ˈsak-​ \ adjective

Synonyms for transaction

Synonyms

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Examples of transaction in a Sentence

The entire transaction took place over the phone. a record of your recent banking transactions the transaction of business over the phone
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Recent Examples on the Web By comparison, cashless payments grew about 10% in the UK, a developed market where card transactions are already entrenched. John Detrixhe, Quartz India, "Cashless payments are growing faster in India than just about anywhere else," 12 Nov. 2019 Real estate transactions include appraisals partly based on sales of comparable nearby properties. Steve Clark, San Diego Union-Tribune, "SpaceX extends buyout offer deadline for Texas homeowners," 15 Oct. 2019 That means processing trillions of transactions and paying billions of dollars in royalties around the world. Ed Christman, Billboard, "Roadblocks to Royalties: Music Modernization Act Turns 1 as Publishers and DSPs Wrestle With the Details," 14 Oct. 2019 Phase two, to take effect in fiscal 2023, would require retailers and credit card processors to remit sales taxes on card transactions on a daily basis. Jon Chesto, BostonGlobe.com, "Beyond restaurants: Jon Cronin scores victories at City Hall, State House in new ventures," 23 Jan. 2020 Some states require an attorney to be involved in real estate transactions or be present at closing. Brittany Anas, Marie Claire, "How to Buy a Home," 15 Jan. 2020 Talks with various investors may not lead to a transaction and the size of any stake sale could change, the people said. Siddharth Philip, Fortune, "Aston Martin Enters Last-Ditch Funding Talks With China’s Geely and Formula One Owner as It Runs Low on Cash," 13 Jan. 2020 There were scattered reports on social media Tuesday that Kroger stores throughout the country were unable to accept debit and credit card transactions. Ethan May, Indianapolis Star, "Kroger machines in Central Indiana temporarily impacted by debit, credit card problems," 24 Dec. 2019 At the time of the outage, some debit card transactions were also declined. Sarah Brookbank, Cincinnati.com, "Fifth Third Bank is giving customers a 'relationship credit' after network outage," 20 Dec. 2019

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.

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First Known Use of transaction

1632, in the meaning defined at sense 1a

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Time Traveler for transaction

Time Traveler

The first known use of transaction was in 1632

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Statistics for transaction

Last Updated

19 Mar 2020

Cite this Entry

“Transaction.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/transaction. Accessed 28 Mar. 2020.

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More Definitions for transaction

transaction

noun
How to pronounce transaction (audio)

English Language Learners Definition of transaction

: 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

noun
trans·​ac·​tion | \ tran-ˈzak-shən How to pronounce transaction (audio) \

Kids Definition of transaction

1 : a business deal
2 transactions plural : the record of the meeting of a club or organization

transaction

noun
trans·​ac·​tion | \ tran-ˈzak-shən, -ˈsak- How to pronounce transaction (audio) \

Legal Definition of transaction

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

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