C1noun 2K

Transaction

🇬🇧 UK /["/trænˈzækʃn/"]/ 🇺🇸 US /["/trænˈzækʃn/"]/

Meaning of Transaction

a piece of business that is done between people, especially an act of buying or selling

In simple words: An exchange of goods or services, usually involving money.

Transaction in a sentence

• financial transactions between companies
• commercial transactions
• Electronic banking may make over-the-counter transactions obsolete.
• The president had entered into fraudulent property transactions.
• The system records all transactions between the company and its suppliers.
• Transactions in land are frequently handled by an estate agent.
• Using the internet can significantly reduce transaction costs.
• foreign currency transactions
• transactions over the internet
• the transaction of government business

How to use Transaction

Commonly used in business contexts to refer to buying or selling. Less appropriate in informal conversations about personal matters.

Grammar pattern

transaction + object

Memory hint

Think of 'trans-action' as a transfer of action between buyer and seller.

Related words

Collocations with Transaction

• cross-border
• international
• private
• carry out
• conduct
• do
• proceed
• take place
• charges
• cost
• transaction between
• transaction over

Synonyms for Transaction

• deal

Opposites of Transaction

• rejection
• cancellation
• void

Common mistakes with Transaction

• Confused with 'interaction' — these are different concepts.
• Using it in non-business contexts, where 'exchange' might be clearer.
• Mispronouncing it as 'tran-zack-tion' instead of 'tran-saction'.

Frequently asked questions about Transaction

What does Transaction mean?

An exchange of goods or services, usually involving money.

What is the definition of Transaction?

a piece of business that is done between people, especially an act of buying or selling

How do you use Transaction in a sentence?

financial transactions between companies

Can you give another example of Transaction?

commercial transactions

What are synonyms for Transaction?

Common alternatives include deal.

What is the opposite of Transaction?

Opposite meanings include rejection, cancellation, void.

What words go with Transaction?

It commonly pairs with cross-border, international, private, carry out, conduct, do, proceed, take place, charges, cost, transaction between, transaction over.

What are common mistakes when using Transaction?

Confused with 'interaction' — these are different concepts. Using it in non-business contexts, where 'exchange' might be clearer. Mispronouncing it as 'tran-zack-tion' instead of 'tran-saction'.

How do you pronounce Transaction?

US: /["/trænˈzækʃn/"]/, UK: /["/trænˈzækʃn/"]/. Listen to the audio above to hear native pronunciation.

When should I use Transaction?

Commonly used in business contexts to refer to buying or selling. Less appropriate in informal conversations about personal matters.

What CEFR level is Transaction?

"Transaction" is at C1 level on the CEFR scale.