The Complete Vocabulary Builder Workbook

transact

IPA:

Dictionary definition of transact

To conduct or carry out a business deal, financial transaction, or any form of exchange or interaction between two or more parties.
"The brokers found it more efficient to transact business over the phone."

Detailed meaning of transact

It involves the negotiation, agreement, and completion of a specific task or action, typically related to buying, selling, trading, or transferring goods, services, or information. When individuals or organizations transact, they engage in a series of actions that can include communication, decision-making, documentation, and the exchange of money or other valuable assets. The term 'transact' emphasizes the active involvement and participation of the parties involved in the successful execution of a transaction, often with the aim of achieving mutual benefits or meeting specific objectives.

Example sentences containing transact

1. The two companies were eager to transact a deal that would benefit them both.
2. Can I transact this purchase online or do I need to visit the store?
3. She needed to transact with the bank before she could buy her new car.
4. The diplomats were able to transact a peace agreement after weeks of negotiation.
5. As a real estate agent, he frequently transacts sales of large properties.
6. Before the internet, people had to physically go to a market to transact.

History and etymology of transact

The verb 'transact' originates from the Latin word 'transactus,' which is the past participle of the verb 'transigere.' In Latin, 'transigere' is composed of two elements: 'trans,' meaning 'across' or 'beyond,' and 'agere,' meaning 'to drive' or 'to do.' When combined, 'transigere' implies the act of conducting something through to completion, often involving negotiations, agreements, or dealings that extend beyond a simple action. This linguistic evolution led to the English verb 'transact,' which signifies the process of carrying out, conducting, or completing various forms of exchange or interaction, including business deals, financial transactions, and other interpersonal activities involving multiple parties. The etymology of 'transact' highlights its historical association with the complex and multifaceted nature of human interactions and the need for effective communication and negotiation in various endeavors.

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Further usage examples of transact

1. The app allows you to transact securely with your fingerprint.
2. To transact with clients overseas, it is essential to understand different cultures.
3. Many people prefer to transact in cash rather than using credit cards.
4. The government introduced new legislation to regulate how businesses transact online.
5. Their ability to transact quickly was a key factor in the success of the startup.
6. We need to transact the sale of the property soon.
7. I will transact the payment for the online purchase.
8. They plan to transact a significant merger this quarter.
9. The bank has a secure platform to transact online.
10. Please transact the transfer of funds to my account.
11. We can transact the contract signing tomorrow.
12. They prefer to transact business in person.
13. It's more convenient to transact via mobile banking.
14. The stock exchange is where investors transact shares.
15. The company will transact negotiations with the union.
16. Transact the purchase of tickets for the event.
17. We should transact the trade before the market closes.
18. Can you transact the lease agreement for the office?
19. Transact the deal as soon as the terms are favorable.
20. I'll transact the paperwork for the insurance claim.
21. They transact most of their business online now.
22. Transact the currency exchange at the bank.
23. He's known for his ability to transact complex deals.
24. The real estate agent will transact the property sale.
25. It's important to transact ethically in business.