Simple Definition of transaction

from our Learner's Dictionary

transaction

noun

plural transactions
1
: a business deal : an occurrence in which goods, services, or money are passed from one person, account, etc., to another
business/commercial transactions
The entire transaction took place over the phone.
a real estate transaction
a record of your recent banking transactions
electronic transactions
2
: the act or process of doing business with another person, company, etc. : the act or process of transacting business
the transaction of business over the phone

Cite this Entry

“Transaction.” Merriam-Webster.com Simple Definition, Merriam-Webster, https://www.merriam-webster.com/simple/transaction. Accessed 23 Jul. 2026.

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