An Encylopedia Britannica Company

September 02, 2021 Word of the Day

transaction /tr/ noun
transaction
/tr/
noun

plural transactions

An ATM transaction
An ATM transaction
Definition of TRANSACTION

[count]

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

[noncount]

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

More Words of the Day