transaction

noun

trans·​ac·​tion tran-ˈzak-shən How to pronounce transaction (audio)
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 How to pronounce transaction (audio)
-shə-nᵊl
tran(t)-ˈsak-
adjective

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 Typically, a commission rate falls between 4% and 6% of the transaction price. Sydney Lake, Fortune, 23 Mar. 2024 In some cases, in part due to the changing guidance, platforms may send taxpayers 1099-K Forms in error this year — such as for transactions between family and friends or for expense sharing between roommates, according to the IRS. Cora Lewis, Quartz, 22 Mar. 2024 And Apple takes a tiny payment for each transaction. David Goldman, CNN, 21 Mar. 2024 Doing so means banks also have to pay 0.15 percent for each credit card transaction done through Apple Pay. Victoria Song, The Verge, 21 Mar. 2024 That could occur through developing tools, for example, to help paid transactions happen on the website or in the app. Chris Velazco, Washington Post, 21 Mar. 2024 Police say Moore was angry with Zambrano over a transaction, possibly related to a car battery that was found out of place, just a few feet from Zambrano’s body. Nate Gartrell, The Mercury News, 18 Mar. 2024 While the council could impose a transaction privilege tax, or a sales tax, any property tax will have to go to voters before it is implemented. The Arizona Republic, 18 Mar. 2024 In 2002, an ex-member of MS-13, Brenda Paz, told the authorities about some of her former associates’ fencing activities, which have reportedly been linked to transactions involving possible affiliates of Hamas and other international terrorist organizations. Paige Williams, The New Yorker, 18 Mar. 2024

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'transaction.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1632, in the meaning defined at sense 1a

Time Traveler
The first known use of transaction was in 1632

Dictionary Entries Near transaction

Cite this Entry

“Transaction.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/transaction. Accessed 28 Mar. 2024.

Kids Definition

transaction

noun
trans·​ac·​tion tran(t)s-ˈak-shən How to pronounce transaction (audio)
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- How to pronounce transaction (audio)
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

More from Merriam-Webster on transaction

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