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

deal, sale, trade

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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

Blockchain acts as a digital ledger, creating a list of transactions between organizations, storing different types of information and recording changes. Madison Iszler, ExpressNews.com, "USAA, State Farm testing blockchain technology to speed up claims process," 7 June 2019 Within months, Giridharadas had facilitated transactions between artists like Bob Dinetz (Sons & Daughters) and Kiyomi Koide (Dosa). Sophia Markoulakis, SFChronicle.com, "Florists highlight floral displays in beautiful, custom vases that they rent," 7 June 2019 Residential transactions in Santa Clara, San Mateo and Santa Cruz counties. Bay Area News Group, The Mercury News, "Home sale prices from San Jose and Peninsula areas, June 7," 7 June 2019 Often described as the central bank for central banks, the BIS acts as a counterparty and agent for central banks in their transactions. Michael Hiltzik, latimes.com, "Is this scathing report the death knell for bitcoin?," 18 June 2018 The direct financial transaction between him and a lobbyist with business before the government raises ethical questions comparable to those afflicting Scott Pruitt, the Environmental Protection Agency administrator. Kevin Sack, New York Times, "Candidate for Georgia Governor Bought Condo From Lobbyist," 14 June 2018 Although North Korea denies that is the case, at least one Syrian defector had described North Korea’s support, and details of transactions between the two countries were included in a recent U.N. report. Theo Emery, Time, "The North Korea Summit Is Trump's Chance to Pressure Syria About Its Weapons, Too," 4 June 2018 Macquarie has extensive holdings in the U.S., with more than $12 billion invested in more than 30 separate transactions over the past 15 years. Costas Paris, WSJ, "Macquarie Gets a Foothold in U.S.-Asia Ocean Trade," 5 May 2019 Instagram users will be able to pay with Visa, Mastercard, Discover, and Paypal, the latter of which is serving as the main processor for the transactions. Brooke Bobb, Vogue, "Instagram Made a Major Announcement This Morning And It May Change the Way You Shop Online," 19 Mar. 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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Statistics for transaction

Last Updated

12 Jun 2019

Look-up Popularity

Time Traveler for transaction

The first known use of transaction was in 1632

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More Definitions for transaction

transaction

noun

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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