Meaning of the word transaction in English

What does transaction mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

transaction

US /trænˈzæk.ʃən/
UK /trænˈzæk.ʃən/
"transaction" picture

Noun

1.

an instance of buying or selling something; a business deal

Example:
The bank processed the transaction quickly.
All financial transactions are recorded.
2.

an act of transacting or being transacted

Example:
The transaction of daily business was efficient.
This report details the entire transaction process.
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