transact

Meanings

• Verb

  Carry out a business transaction; make a deal or exchange.

  - "They transacted business in the marketplace."
  - "The sales representative was able to transact a deal with the customer."

• Verb

  Handle or manage (something, especially financial matters)

  - "The accountant was responsible for transacting the company's finances."
  - "The manager transacted the day-to-day operations of the department."

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Rhymes

Words rhyming with transact
interact , react

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Homophones

Words having the same pronunciation but different meanings, origins, or spelling,

1. transact (en) : Carry out a business transaction; make a deal or exchange.
   

2. transact (en) : Handle or manage (something, especially financial matters)
   

3. transact (en) : Transverse; cross (a boundary or barrier)
   

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Variants

List of all variants of transact that leads to same result
transact , transacted , transacting , transactor , transactors , transacts

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Etymology

origin and the way in which meanings have changed throughout history.

From the Latin word 'transigere,' meaning 'to go across,' or 'to pass over.'

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. The word 'transact' is derived from the Latin word 'transigere,' which means 'to go across' or 'to pass over'.

2. The term 'transaction' is derived from the Latin word 'transactio,' which means 'an action across' or 'a passing over'.

3. In the context of finance, a 'transaction' refers to any exchange or transfer of financial assets between two parties.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. transaction: A business deal or exchange, typically involving the transfer of money or goods.

2. contract: A legally binding agreement between two or more parties.

3. commerce: Business activity, especially the buying and selling of goods and services.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

The word 'transact' has been used extensively in various forms of literature, particularly in business and financial contexts. It has been used to describe the exchange of goods and services, as well as the management of finances. In art, the concept of 'transacting' can be seen in works that depict business deals or financial transactions.

How to Memorize "transact"

1. visualize
   

   - Visualize the exchange of goods or services between two parties.
   - Imagine handling financial transactions or managing a business.

2. associate
   

   - Associate the word with the concept of 'dealing' or 'exchanging' something.
   - Connect it with the idea of 'managing' or 'handling' financial matters.

3. mnemonics
   

   - Use the mnemonic 'Transact: Transactions Are Complex Acts,' to remember the definition.
   - Create a visual image of a person transacting business to help remember the meaning.

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