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

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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 License transfers are private transactions between the existing operator and the applicant, but the state has the power to veto such transfers in some circumstances. Arkansas Online, "Suit takes issue with state veto of licenses," 29 Dec. 2019 There are very, very few transactions that are executed by humans. Amy Gunia / Hong Kong, Time, "'It's a Matter of When.' How Machines Are Taking Over the World's Stock Markets," 21 Dec. 2019 Yet, the report finds that PhonePe has a clear advantage in building users’ trust, with features to dispute transactions, and closely track their status. Sanaya Chandar, Quartz India, "PhonePe beats all rivals when it comes to error-free, smooth digital payments in India," 18 Dec. 2019 After the deliberate pace of previous offseasons, things have accelerated this year, lending hope that there will be more transactions earlier this winter. Mark Gonzales, chicagotribune.com, "Cubs and White Sox bring their shopping lists to the winter meetings," 7 Dec. 2019 On November 8th a court in Milan convicted former executives for hiding vast losses from derivatives transactions a decade ago, in collusion with bankers from Deutsche Bank and Nomura. The Economist, "Stiff sentences for bank fraud capture Italy’s sour public mood," 14 Nov. 2019 The deal is Wells Fargo's first significant transaction under the bank's long-term energy strategy to contract with providers of renewable energy close to the bank's load centers. L.m. Sixel, Houston Chronicle, "Wells Fargo inks solar deal with NRG," 21 Oct. 2019 Fee said neither George nor Philip Norcross profited personally from the L3 transaction. Jeff Pillets, ProPublica, "How a Politically Powerful Family Muscled a Nonprofit Out of Some of a City’s Most Valuable Land," 3 Oct. 2019 The Fed uses the rates from those transactions to calculate the SOFR, or the Secured Overnight Financing Rate. Erik Sherman, Fortune, "The Fed’s Repo Market Bailout Is a Sign of Deeper Problems—That Are Getting Worse Over Time," 26 Sep. 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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Time Traveler for transaction

Time Traveler

The first known use of transaction was in 1632

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Statistics for transaction

Last Updated

9 Jan 2020

Cite this Entry

“Transaction.” The Merriam-Webster.com Dictionary, Merriam-Webster Inc., https://www.merriam-webster.com/dictionary/transaction. Accessed 19 January 2020.

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More Definitions for transaction

transaction

noun
How to pronounce transaction (audio)

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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Comments on transaction

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