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-shnəl 

-shə-nᵊl

tran(t)-ˈsak-

adjective

Synonyms

• deal
• sale
• trade

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

Based on analysis of individual investors’ brokerage-account trading activity, excluding transactions madethrough retirement accounts or investment advisers. Nov. 13Nov. —Hannah Miao, WSJ, 21 Nov. 2023

Separate indictments specifically charge Zhao and former chief compliance officer Samuel Lim with allowing those illicit transactions to take place. —Andy Greenberg, WIRED, 21 Nov. 2023

The transaction is expected to close in the first quarter of 2024, subject to customary closing conditions and regulatory approvals. —Marc Schneider, Billboard, 21 Nov. 2023

Here’s how the math often works out, but each transaction could be different. —Bill Conerly, Forbes, 13 Nov. 2023

Since such transactions happen every day in our great land, prosecution under the Mann Act is highly selective. —Louis Menand, The New Yorker, 13 Nov. 2023

House Republicans subpoenaed them on Wednesday as part of their investigation into a complicated web of transactions and relationships within the Biden family. —Joshua Goodman, arkansasonline.com, 12 Nov. 2023

Lionsgate recently acquired certain assets of Entertainment One from Hasbro for $500 million, a transaction se to close later this year. —Etan Vlessing, The Hollywood Reporter, 9 Nov. 2023

The auto dealers association calculates that more than half of electric vehicle transactions in the United States — excluding Teslas, which are not sold through traditional dealership models — are leased, a large jump from a year ago. —Coral Davenport, New York Times, 8 Nov. 2023

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Word History

First Known Use

1632, in the meaning defined at sense 1a

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