Transact Meaning: Definition, Examples, and Translations

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transact

[trænˈzækt ]

Definitions

Context #1 | Verb

business deal

To transact means to carry out or conduct a business deal or negotiation, typically involving the exchange of goods or services for money.

Synonyms

conduct, deal, negotiate.

Which Synonym Should You Choose?

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Word Description / Examples
transact

Used in formal or business contexts to indicate the completion of a business activity or exchange.

  • The bank transacts thousands of payments every day.
  • Customers can transact business online.
conduct

Appropriate for describing the act of managing, overseeing, or handling a process or activity, often in a formal setting.

  • She was hired to conduct the company's annual audit.
  • The professor conducted a detailed research study.
negotiate

Used when discussing the process of discussing terms, reaching an agreement, or settling differences, usually in a formal or professional setting.

  • They are negotiating a new contract with the suppliers.
  • He managed to negotiate a lower price for the car.
deal

Commonly used in both casual and formal scenarios to describe the act of handling or managing a situation, also frequently used in the context of trading or business agreements. It can sometimes have a negative connotation if referring to suspicious activities.

  • He deals in antique furniture.
  • They had to deal with several customer complaints.

Examples of usage

  • I need to transact with the client to finalize the deal.
  • She transacted the purchase of the house smoothly.
  • The company transacts millions of dollars in sales every year.
Context #2 | Verb

financial transaction

To transact can also refer to the action of conducting a financial transaction, such as depositing money in a bank or transferring funds electronically.

Synonyms

conduct, execute, process.

Which Synonym Should You Choose?

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Word Description / Examples
transact

Typically used in formal contexts, especially in business and legal settings, to describe the action of carrying out business or a deal.

  • We will transact the business deal on Monday.
  • He transacted important matters with the client.
conduct

Used to describe the manner of managing or overseeing an activity, investigation, or meeting. It has a broader application than 'transact'.

  • She will conduct the meeting with all board members.
  • The scientist conducted an experiment in the lab.
process

Used to indicate handling a series of actions or steps to achieve a particular end, commonly used in administrative and technical fields.

  • The bank will process your loan application within a few days.
  • It's important to process the data accurately.
execute

Often used in formal and technical contexts to mean carrying out a plan, order, or course of action. It can also imply completing a task or creating something according to a planned procedure.

  • The developer will execute the software update by tonight.
  • Soldiers executed the mission successfully.

Examples of usage

  • I will transact the payment through online banking.
  • She transacted a large sum of money at the ATM.
  • The customer transacted a cash withdrawal at the counter.

Translations

To see the translation, please select a language from the options available.

Origin of 'transact'

The word 'transact' originates from the Latin word 'transactum', which means 'carried across'. It first appeared in English in the mid-16th century. Over time, the word evolved to encompass a range of meanings related to conducting business, negotiations, and financial transactions.


See also: act, acting, action, actionable, activate, active, actively, activists, activity, actor, actress, acts, actual, counteractant, enact, inactivity, overact, react.

Word Frequency Rank

At position #13,681, this word is part of sophisticated English vocabulary. It's useful for academic or professional contexts where precise language is needed.