A transaction is any kind of action involved in conducting business, or an interaction between people. When you go to the bank, fill out a form, and deposit your paycheck, you make a transaction.

An important business deal can be called a transaction, particularly the buying or selling of goods, but you can call any exchange with another person a transaction. There are transactions involving money, ideas, and even e-mail. The Latin root transactionem describes an agreement or accomplishment. This led to a mid-15th century version of transaction that described the adjustment of a dispute.

Definitions of transaction
  1. noun
    the act of transacting within or between groups (as carrying on commercial activities)
    “no transactions are possible without him”
    synonyms: dealing, dealings
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    Seward's Folly
    the transaction in 1867 in which the United States Secretary of State William Henry Seward purchased Alaska from Russia
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    commerce, commercialism, mercantilism
    transactions (sales and purchases) having the objective of supplying commodities (goods and services)
    transactions of professional or public interest
    operations, trading operations
    financial transactions at a brokerage; having to do with the execution of trades and keeping customer records
    transfer, transference
    transferring ownership
    the act of giving something in return for something received
    business deal, deal, trade
    a particular instance of buying or selling
    a transaction in the stock market at a price below the price of the preceding transaction
    a transaction in the stock market at a price above the price of the preceding transaction
    obtaining funds from a lender
    rental, renting
    the act of paying for the use of something (as an apartment or house or car)
    buying or selling securities or commodities
    the commercial exchange (buying and selling on domestic or international markets) of goods and services
    commerce conducted electronically (as on the internet)
    exchange, interchange
    reciprocal transfer of equivalent sums of money (especially the currencies of different countries)
    IPO, initial offering, initial public offering
    a corporation's first offer to sell stock to the public
    business, business enterprise, commercial enterprise
    the activity of providing goods and services involving financial and commercial and industrial aspects
    carriage trade
    trade from upper-class customers
    international affairs, world affairs
    affairs between nations
    (law) the voluntary and absolute transfer of title and possession of real property from one person to another
    conveyance, conveyance of title, conveyancing, conveying
    act of transferring property title from one person to another
    act of transferring a title or right or claim to another
    lease-lend, lend-lease
    the transfer of goods and services to an ally to aid in a common cause
    secularisation, secularization
    transfer of property from ecclesiastical to civil possession
    act of exchanging favors for mutual gain; especially trading of influence or votes among legislators to gain passage of certain projects
    arms deal
    a deal to provide military arms
    penny ante
    a business deal on a trivial scale
    borrowing and leaving an article as security for repayment of the loan
    importation, importing
    the commercial activity of buying and bringing in goods from a foreign country
    exportation, exporting
    the commercial activity of selling and shipping goods to a foreign country
    the commercial processes involved in promoting and selling and distributing a product or service
    the commercial activity of transporting and selling goods from a producer to a consumer
    marketing, merchandising, selling
    the exchange of goods for an agreed sum of money
    buying and selling; especially illicit trade
    defrayal, defrayment, payment
    the act of paying money
    evasion, nonpayment
    the deliberate act of failing to pay money
    the activities and affairs involved in managing a state or a government
    type of:
    group action
    action taken by a group of people
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