transact

verb
trans·​act | \ tran-ˈzakt How to pronounce transact (audio) , tran(t)-ˈsakt How to pronounce transact (audio) \
transacted; transacting; transacts

Definition of transact

transitive verb

1 : to carry to completion transact a sale
2 : to carry on the operation or management of : do transact business

intransitive verb

: to carry on business

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Other Words from transact

transactor \ tran-​ˈzak-​tər How to pronounce transactor (audio) , tran(t)-​ˈsak-​tər \ noun

Examples of transact in a Sentence

We had some important business to transact with our distributors. transact a real estate deal
Recent Examples on the Web Most notably, The Financial Action Task Force, an intergovernmental organization, has produced guidelines on how cryptocurrency businesses should share the identity information of users who transact in their markets. CNN, "Terrorists are using crypto to pay for attacks. It's time to stop them," 27 Dec. 2019 Think of the 170 million Facebook users in Africa, many of whom already bank and transact on mobile phones. Molly Wood, WIRED, "Facebook’s Libra Cryptocurrency Betrays the Company’s True Ambitions," 26 June 2019 The value of apartment deals transacted in the quarter fell by 40 percent year over year to $1.5 billion in the Houston region in the third quarter. Katherine Feser, Houston Chronicle, "Investors pump less money into Houston real estate in Q3," 29 Nov. 2019 China, which has a tight hold on its currency, also uses Hong Kong as the first financial stop to transact and trade with the rest of the world. New York Times, "Highways on Fire. Semesters Cut Short. A Recession. Can Hong Kong Heal?," 14 Nov. 2019 That in turn has created a spur to find new ways to inflate the figure, such as taking orders early, avoiding processing refunds on that day, and offering incentives to transact. Tim Culpan | Bloomberg, Washington Post, "It’s Time for Alibaba to Slay the Monster Jack Ma Created," 10 Nov. 2019 Choose two agents at random and have them transact, then do the same with another two, and so on. Bruce M. Boghosian, Scientific American, "Is Inequality Inevitable?," 1 Nov. 2019 Zuckerberg himself acknowledges that more people transacting on Facebook will help the company’s bottom line. Wired, "How to Watch Mark Zuckerberg’s Libra Testimony in Congress," 22 Oct. 2019 This new borderless virtual currency could then be transacted not only within the app, but also with the partners on the project, such as Uber and Spotify. Lucinda Shen, Fortune, "Tala CEO: How Facebook’s Libra Cryptocurrency Can Help Companies Scale," 19 June 2019

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'transact.' 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 transact

circa 1585, in the meaning defined at intransitive sense

History and Etymology for transact

Latin transactus, past participle of transigere to drive through, complete, transact, from trans- + agere to drive, do — more at agent

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Time Traveler for transact

Time Traveler

The first known use of transact was circa 1585

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Statistics for transact

Last Updated

4 Feb 2020

Cite this Entry

“Transact.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/transact. Accessed 26 Feb. 2020.

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More Definitions for transact

transact

verb
How to pronounce transact (audio) How to pronounce transact (audio)

English Language Learners Definition of transact

somewhat formal : to do (business) with another person, company, etc.

transact

verb
trans·​act | \ tran-ˈzakt How to pronounce transact (audio) \
transacted; transacting

Kids Definition of transact

: to carry on : manage, conduct transacting business
trans·​act | \ tran-ˈzakt, -ˈsact How to pronounce transact (audio) \

Legal Definition of transact

1 : to carry on business
2 in the civil law of Louisiana : to settle a dispute by a transaction

transitive verb

1 : to carry to completion transact a sale
2 : to carry on the operation or management of transact business

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More from Merriam-Webster on transact

Thesaurus: All synonyms and antonyms for transact

Rhyming Dictionary: Words that rhyme with transact

Spanish Central: Translation of transact

Nglish: Translation of transact for Spanish Speakers

Comments on transact

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