[tran-sak-shuhn, -zak-]
the act of transacting or the fact of being transacted.
an instance or process of transacting something.
something that is transacted, especially a business agreement.
Psychology. an interaction of an individual with one or more other persons, especially as influenced by their assumed relational roles of parent, child, or adult.
transactions, the published records of the proceedings, as papers read, addresses delivered, or discussions, at the meetings of a learned society or the like.

1425–75; late Middle English < Latin trānsāctiōn- (stem of trānsāctiō) completion, transaction. See transact, -ion

transactional, adjective
transactionally, adverb
pretransaction, noun

2. deal, bargain, enterprise, venture, affair. Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
transaction (trænˈzækʃən)
1.  something that is transacted, esp a business deal or negotiation
2.  the act of transacting or the state of being transacted
3.  (plural) the published records of the proceedings of a society, conference, etc
4.  (in business computing) the act of obtaining and paying for an item or service
5.  (in general computing) the transmission and processing of an item of data

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Word Origin & History

c.1460, "the adjustment of a dispute," from M.Fr. transaction, from L. transactionem (nom. transactio) "an agreement, accomplishment," from transactus, pp. of transigere "accomplish, drive or carry through," from trans- "through" + agere "to drive" (see act). Meaning "a piece
of business" is attested from 1647. The verb transact is first recorded 1584.
Online Etymology Dictionary, © 2010 Douglas Harper
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Computing Dictionary

transaction definition

A unit of interaction with a DBMS or similar system. It must be treated in a coherent and reliable way independent of other transactions. See atomic.

The Free On-line Dictionary of Computing, © Denis Howe 2010
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Example sentences
It is a business transaction whether it is a prescribed medication or not.
Transcripts of surveillance recordings revealed a stark business transaction.
Consider transaction costs when buying and selling accommodations.
The takeover will be the biggest such transaction in the oil industry in
  several years.
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