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transaction

/trænˈzæk.ʃən/
noun★Intermediate💡 business exchange

“She completed the transaction in under two minutes.”

She finished the business exchange quickly.

💼Business
formal

An instance of buying or selling something; a business deal.

The real estate transaction was finalized yesterday.

The property sale was completed yesterday.

Online transactions have increased by 30% this year.

Online purchases and sales have grown significantly.

💡

Commonly used in finance, e-commerce, and legal contexts.

💰Finance
technical

The process of conducting business or exchanging goods/services.

The bank recorded 5,000 transactions per second.

The bank processed 5,000 financial exchanges every second.

💡

In computing, a transaction may refer to a single operation in a database.

general

A communicative exchange between people, often social.

Their first transaction was a polite greeting.

Their first interaction was a courteous hello.

💡

Less common in everyday speech; more typical in academic or psychological contexts.

Collocations

financial transactionan exchange involving money or assetscash transactiona purchase or sale paid for with physical currencyonline transactiona business deal conducted over the internettransaction feea charge for processing a payment

Synonyms

dealexchangetradeinteraction

Antonyms

inactionblockage

Related Phrases

in transaction withphrase
engaging in a deal or exchange with someone

💡Pro Tip

Common Mistakes

Avoid using 'transaction' to describe non-business interactions in formal writing. For example, say 'conversation' instead of 'transaction' when referring to a chat.

⚡Gold Rule

Precision in Context

Use 'transaction' only for business or financial exchanges unless the context clearly supports a broader meaning (e.g., 'social transaction').

📖Word Origin

From Latin *transactio(n-)*, meaning 'a driving through' or 'completion', derived from *transigere* ('to drive through, accomplish'), from *trans-* ('across') + *agere* ('to drive, act'). The financial sense emerged in the 16th century, while the general 'exchange' meaning developed later.

📝Usage Notes

In formal contexts (e.g., contracts, banking), 'transaction' implies a completed action. In informal speech, it may refer to any interaction, but this usage is less precise.

Word Breakdown

trans-
across, through
prefix
+
-act-
to drive, act
root
+
-ion
action or process
suffix
English Dictionary

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Words of the Year

The most notable words that defined each year. Discover the vocabulary that shaped our world.