transact
verb /trænˈzækt/
/trænˈzækt/
[transitive, intransitive] (formal)Verb Forms
| present simple I / you / we / they transact | /trænˈzækt/ /trænˈzækt/ |
| he / she / it transacts | /trænˈzækts/ /trænˈzækts/ |
| past simple transacted | /trænˈzæktɪd/ /trænˈzæktɪd/ |
| past participle transacted | /trænˈzæktɪd/ /trænˈzæktɪd/ |
| -ing form transacting | /trænˈzæktɪŋ/ /trænˈzæktɪŋ/ |
- to do business with a person or an organization
- transact something with somebody There are new rules about how they transact business with customers.
- transact (something) The dealers must know the price at which they are prepared to transact.
- An estimated one billion sales were transacted last month.
- Virtually all local trading was transacted in grain rather than in cash.
Oxford Collocations DictionaryTransact is used with these nouns as the object:- business
Word Originlate 16th cent.: from Latin transact- ‘driven through’, from the verb transigere, from trans- ‘through’ + agere ‘do, lead’.