Meaning & Definition of word "Transact"

Transact

/trænˈzækt/

1. To carry out or conduct business or negotiations.
- Example: The two companies plan to transact a merger by the end of the month.
2. To carry out or perform a transaction.
- Example: I need to transact a payment for the invoice issued last week.
3. To do or perform something, typically in a formal or official manner.
- Example: The committee will transact its regular business during the meeting tomorrow.
4. To effect a trade or exchange.
- Example: We were able to transact the sale of the property smoothly.

●From Latin 'transactio', meaning 'a conducting' or 'an achievement'.

transact business:

To engage in business activities to achieve commercial goals.

transact a deal:

To finalize an agreement or arrangement in business.

transact a transaction:

To carry out a specific exchange or transfer in business.

transaction:

The act of conducting business or an exchange.

contract:

A written or spoken agreement, especially one concerning employment, sales, or tenancy.

commerce:

The activity of buying and selling, especially on a large scale.

Meaning: To make a deal.

● Example Sentence: We need to transact on this idea before it gets away.

Meaning: To do business.

● Example Sentence: Let's transact some business and get this project rolling.