Transacted: meaning, definitions and examples
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transacted
[tranzˈaktəd ]
Definition
business dealings
Transacted refers to the act of carrying out a business or commercial activity. This encompasses making agreements, completing trades, or settling accounts. The term is often used in the context of banking, finance, and retail, where transactions are essential for operations. It's important for clarity in record-keeping and auditing processes, ensuring all activities are documented properly.
Synonyms
completed, conducted, executed.
Examples of usage
- They transacted a large sale yesterday.
- The bank transacted several loans this month.
- She transacted her business swiftly to meet the deadline.
Interesting Facts
Etymology
- The word comes from the Latin 'transactio,' which means 'a conducting over or carrying out.'
- It was first used in English in the 15th century, mainly in legal and business contexts.
- The root 'agere' in Latin means 'to do' or 'to act,' which is present in words like 'agent' and 'action,' linking to the word's meaning.
Business
- In modern commerce, transactions can happen within seconds thanks to online banking, which has revolutionized how money moves.
- Transactions are categorized into types like retail, wholesale, and e-commerce, each with its own characteristics.
- Every transaction is typically recorded in an account book or digital ledger, maintaining a history for accuracy and accountability.
Psychology
- Research shows that people often feel happier after completing transactions, especially when purchasing something they desire.
- Social exchanges can also be seen as transactions, where individuals give and receive value in relationships.
- The concept of fairness in transactions can impact trust levels between parties, often influencing the success of negotiations.
Technology
- Cryptocurrency transactions can secure and verify trades directly on the blockchain, eliminating the need for middlemen.
- Big data analytics can track consumer transactions to help businesses tailor their services and predict trends.
- Mobile payments have changed how transactions are executed, allowing for quick exchanges via smartphones and apps.
Pop Culture
- Movies often depict large transactions as high-stakes deals that can determine the fate of characters, such as in heist films.
- In video games, in-game currency transactions are essential for progression, reflecting real-world economic principles.
- Popular TV shows incorporate transaction themes, highlighting dilemmas in personal relationships, such as friendships based on trading favors.
Translations
Translations of the word "transacted" in other languages:
🇵🇹 transacionado
🇮🇳 लेन-देन किया
🇩🇪 transaktiert
🇮🇩 ditransaksikan
🇺🇦 здійснено угоду
🇵🇱 przeprowadzono transakcję
🇯🇵 取引された
🇫🇷 transigé
🇪🇸 transaccionado
🇹🇷 işlem yapılmış
🇰🇷 거래된
🇸🇦 تمت المعاملة
🇨🇿 transakce provedena
🇸🇰 realizovaná transakcia
🇨🇳 交易过
🇸🇮 izvedena transakcija
🇮🇸 farið í viðskipti
🇰🇿 транзакция жүргізілді
🇬🇪 გადაიკეტა
🇦🇿 əməliyyat keçirilib
🇲🇽 transaccionado