Transaction Definition & Meaning | Britannica Dictionary (original) (raw)

Britannica Dictionary definition of TRANSACTION

1

[count]

:

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

[noncount]

:

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