transaction

noun

trans·​ac·​tion tran-ˈzak-shən 

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 

-shə-nᵊl

tran(t)-ˈsak-

adjective

Synonyms

• deal
• sale
• trade

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

Annual fee $0 Intro APR 0% for 12 months on purchases from date of account opening Regular APR 18.49% - 26.49% variable; APRs will not exceed 29.99% Balance transfer fee N/A Foreign transaction fee 2.7% Credit needed Excellent See rates and fees, terms apply. —Jason Stauffer, CNBC, 12 July 2024

The unusual transaction is designed to placate the Federal Trade Commission and other regulators who worry that a combined Kroger-Albertsons would give the resulting company too much concentration in states like Arizona. —Russ Wiles, The Arizona Republic, 12 July 2024

As part of the transaction, Gaming and Leisure Properties is also acquiring the Freedom Center site for $250 million before development begins. —Robert Channick, Chicago Tribune, 12 July 2024

The transaction is expected to close on or about July 12, 2024, subject to the satisfaction of customary closing conditions. —Kansas City Star, 11 July 2024

Word History

First Known Use

1632, in the meaning defined at sense 1a

Kids Definition

transaction

noun

trans·​ac·​tion tran(t)s-ˈak-shən 

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- 

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