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 transaction (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 And bitcoin cash's transaction fee is currently just $0.28, according to BitInfoCharts. Alexis Benveniste, CNN, "What is bitcoin cash?," 6 May 2021 The payments company still charges its merchants a standard transaction fee of around 2.9%, but gets to keep more of that money, Mr. Rainey said. Nina Trentmann, WSJ, "PayPal Wants More Customers to Pay Using Crypto Assets," 6 May 2021 The World Bank estimates the average percentage transaction fee for cross-border remittances to be around 6.51% as of the fourth quarter of 2020. Nina Bambysheva, Forbes, "Visa Partners With Fintech Startup Tala To Drive Crypto Adoption In Emerging Markets," 5 May 2021 The transaction fee was worth the value of roughly the 37th overall pick, another high price. Brad Biggs, chicagotribune.com, "Column: The Chicago Bears again paid a big price to trade up for a quarterback. But if Justin Fields is the long-sought answer at the position, it will be worth it.," 30 Apr. 2021 Because here’s the thing: Most colleges charge a transaction fee to pay with a credit card. Steve Sprovach And Amy Wagner, The Enquirer, "Allworth Advice: Can I pay for college with a credit card?," 1 Apr. 2021 It is funded by a transaction fee on power companies that use the grid. Bethany Blankley, Washington Examiner, "Texans may not be able to sue electric council for damages," 1 Mar. 2021 Most of these are small- and medium-size businesses that pay $29 a month for the basic software plus a per-transaction credit-card processing fee. New York Times, "Can Shopify Compete with Amazon Without Becoming Amazon?," 17 Nov. 2020 No credit card information was accessed and no information related to users' parking transaction history was taken during the data breach that happened last month, according to Parkmobile, the Georgia company that operates the MPLS Parking App. Tim Harlow, Star Tribune, "Minneapolis parking app hacked, personal information stolen," 29 Apr. 2021

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

13 May 2021

Cite this Entry

“Transaction.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/transaction. Accessed 16 May. 2021.

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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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