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


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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 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 The financial terms of the acquisition were not disclosed, but Reuters reported that the transaction values Turbonomic at between $1.5 billion and $2 billion, based on anonymous sources., "IBM to buy Boston-based Turbonomic in latest cloud-computing deal," 29 Apr. 2021 However, the two didn’t drive to a hospital and instead went to the 2400 block of North 24th Place to make a purchase from someone, according to Dixon, but a transaction never occurred. Elliot Hughes, Milwaukee Journal Sentinel, "19-year-old charged in 2 homicides from violent April 23, when 4 people died in gun violence," 29 Apr. 2021 While banks can take a month or more, a hard money lender may complete the transaction in 10 days or less. Steve Byrne, Forbes, "How To Raise Capital For Your Real Estate Projects," 28 Apr. 2021 The ledger exists on the blockchain, which serves as a digital record of transactions, and each transaction added to a blockchain is validated by multiple computers on the internet. Mike Brest, Washington Examiner, "‘Disaster Girl' sells NFT of popular meme for more than $400,000," 28 Apr. 2021 While all average transaction prices spiked, Ford continued to see the highest with $47,838. Phoebe Wall Howard, Detroit Free Press, "Ford reports net income of $3.3B for first three months of 2021," 28 Apr. 2021 Every transaction that’s ever been made is recorded and is viewable to everyone. Los Angeles Times, "Vatos minting NFTs: How much would you pay for a digital lowrider?," 28 Apr. 2021 Purchasers would be limited to nine grams of pseudoephedrine in a 30-day period, regardless of in which state the transaction takes place. Chris Lehman, oregonlive, "Oregon House set to vote on bill to allow cold meds to be sold without a prescription," 27 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

1 May 2021

Cite this Entry

“Transaction.” Dictionary, Merriam-Webster, Accessed 8 May. 2021.

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More Definitions for transaction



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


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


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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