trans‧act /trænˈzækt/
verb [intransitive and transitive][
Date: 1500-1600;
Language: Latin;
Origin: past participle of transigere 'to drive through, finish, transact', from agere 'to drive, do']
formal to do business with someone:
Most deals are transacted over the phone. [TahlilGaran] Dictionary of Contemporary English ▲