transaction

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

Definition of transaction

1 a :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

2 a :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

—

transactional

play \-shnəl, -shə-nᵊl\ adjective

See transaction defined for English-language learners

See transaction defined for kids

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

Recent Examples of transaction from the Web

The company is waiving transaction fees on all credit card donations to the Red Cross.

— chicago tribune staff, chicagotribune.com, "Chicago-area companies contribute to Harvey relief efforts," 30 Aug. 2017
The new policy replaces one that required drivers to perform only one transaction—either a drop-off or a pick-up—per visit.

— lisa beebe, Los Angeles Magazine, "LAX Just Made It Easier to Catch a Lyft/Uber from the Airport," 30 Aug. 2017
With the league's transactions deadline passed, rules are stringent for roster additions.

— steve millar, Daily Southtown, "Rookie Ryan Budnick gives ThunderBolts a boost in playoff push," 28 Aug. 2017
If the price is recorded and confirmed, Beyoncé and Jay-Z's $90 million purchase will mark the priciest real estate transaction in Los Angeles County this year, the LA Times reports.

— erica gonzales, Harper's BAZAAR, "Beyoncé and Jay-Z's New Mansion Could Pass as a Small Town," 18 Aug. 2017
Any future transactions involving Venezuelan officials or assets will have to go through additional screening, according to the memo whose authenticity was confirmed by the bank.

— fabiola sanchez, The Seattle Times, "Venezuela’s Maduro: ‘Mr. Donald Trump, here is my hand’," 10 Aug. 2017
The site is an emporium for dead-stock and hard-to-find shades at cheap prices (most are under $20) and less hassle than an eBay transaction.

— indya brown, The Cut, "Fact: Rihanna Has the Best Sunglasses in the Game," 9 Aug. 2017
To keep order, every bitcoin transaction is encrypted and recorded in a database called a blockchain.

— sonia zhuravlyova, MSNBC Newsweek, "The Future of Money: Bitcoin and Other Cryptocurrency Technologies Are a Way of Life in This Small Swiss Town," 11 July 2017
Inhofe’s spokesperson told the Intercept that the transaction was made by the senator’s financial adviser without his consultation.

— eric levitz, Daily Intelligencer, "GOP Lawmakers Bought Health-Insurance Stocks While Advancing Trumpcare," 7 July 2017

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 Synonyms

Synonyms

deal, trade, sale

Related Words

auction, silent auction; haggle, horse-trading, negotiation; bargain, buy, steal; purchase; clearance, closeout, fire sale; fair; garage sale, jumble sale [British], rummage sale, tag sale, yard sale

Other Business Terms

amortize, caveat emptor, clearinghouse, divest, due diligence, emolument, green-collar, marque, overhead, perquisite

TRANSACTION Defined for English Language Learners

transaction

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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

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noun trans·ac·tion \ tran-ˈzak-shən \

Definition of transaction for Students

1 :a business deal

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

Law Dictionary

transaction

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

legal Definition of transaction

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

2 a :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