transaction

noun trans·ac·tion \ tran-ˈzak-shən , tran(t)-ˈsak- \
Updated on: 14 Nov 2017

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

Examples of transaction in a Sentence

  1. The entire transaction took place over the phone.

  2. a record of your recent banking transactions

  3. the transaction of business over the phone

Recent Examples of transaction from the Web

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 Defined for English Language Learners

transaction

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

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

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


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