verbEtymology: Latin transactus, past participle of transigere to drive through, complete, transact, from trans- + agere to drive, do — more at agentDate: circa 1585 intransitive verb to carry on business transitive verb1. to carry to completion <transact a sale> 2. to carry on the operation or management of ;do<transact business> • transactornoun
Transact Trans*act", v. t. [imp. & p. p. Transacted; p. pr. & vb. n. Transacting.] [L. transactus, p. p. of transigere. See Transaction.] To carry through; to do; perform; to manage; as, to transact commercial business; to transact business by an agent.
(transacts, transacting, transacted) If you transact business, you enter into a deal with someone, for example by buying or selling something. (FORMAL) This would free them to transact business across state lines...VERB: V n