transaction

noun

trans·​ac·​tion tran-ˈzak-shən 

tran(t)-ˈsak-

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

tran-ˈzak-sh(ə-)nəl 

tran(t)-ˈsak-

adjective

Synonyms

• sale

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 on the Web

His team of 40 also concentrates on bigger and bigger deals that swell their take from the average directs transaction. —Shawn Tully, Fortune, 1 Nov. 2025

The team got two first-round picks and Kenny Clark back in the transaction, but with just days remaining before the NFL trade deadline, Jerry Jones' purportedly crucial run-stopper is a firm trade candidate. —Max Dible, MSNBC Newsweek, 31 Oct. 2025

Certain transactions listed in Olson’s disclosures suggest Welton was receiving compensation for work related to the former lawmaker’s legislative duties in addition to campaign services. —Matthew Kelly, Kansas City Star, 31 Oct. 2025

The transaction will allow the Panthers to use White as an emergency third QB on Sunday if everything goes as planned against Green Bay. —Mike Kaye, Charlotte Observer, 31 Oct. 2025

Word History

First Known Use

1632, in the meaning defined at sense 1a

Rhymes for transaction

• abstraction
• attraction
• compaction
• contraction
• detraction
• diffraction
• distraction
• exaction
• extraction
• impaction
• inaction
• infraction

Kids Definition

transaction

noun

trans·​ac·​tion tran(t)s-ˈak-shən 

tranz-

1

a

: something transacted

especially : a business deal

b

plural : the record of the meeting of an organization

2

a

: an act, process, or instance of transacting

b

: an act of communication between two people who influence or change each other

Legal Definition

transaction

noun

trans·​ac·​tion tran-ˈzak-shən, -ˈsak- 

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