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/trænˈzækt/
Meaning & Definition
verb
To carry out or conduct business or negotiations.
The two companies plan to transact a merger by the end of the month.
To carry out or perform a transaction.
I need to transact a payment for the invoice issued last week.
To do or perform something, typically in a formal or official manner.
The committee will transact its regular business during the meeting tomorrow.
To effect a trade or exchange.
We were able to transact the sale of the property smoothly.
Etymology
From Latin 'transactio', meaning 'a conducting' or 'an achievement'.
Common Phrases and Expressions
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.
Related Words
Slang Meanings
To make a deal.
We need to transact on this idea before it gets away.
To do business.
Let's transact some business and get this project rolling.