Definition of transaction noun from the Oxford Advanced Learner's Dictionary



    BrE BrE//trænˈzækʃn//
    ; NAmE NAmE//trænˈzækʃn//
    Online shopping, Running a business
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  1. 1[countable] transaction (between A and B) a piece of business that is done between people, especially an act of buying or selling synonym deal financial transactions between companies commercial transactions See related entries: Online shopping, Running a business
  2. 2[uncountable] transaction of something (formal) the process of doing something the transaction of government business See related entries: Running a business
  3. Word Originlate Middle English (as a term in Roman Law): from late Latin transactio(n-), from transigere ‘drive through’, from trans- ‘through’ + agere ‘do, lead’.Extra examples Electronic banking may make over-the-counter transactions obsolete. The president had entered into fraudulent property transactions. The system records all transactions between the company and its suppliers. Transactions in land are frequently handled by an estate agent. Using the Internet can significantly reduce transaction costs. foreign currency transactions secure Internet transactions to effect a transaction for a client to ensure the transaction proceeds smoothly transactions over the Internet
See the Oxford Advanced American Dictionary entry: transaction