[trans.ac.tion] n (1647) 1 a: something transacted; esp: an exchange or transfer of goods, services, or funds "electronic ~s" b pl: the often published record of the meeting of a society or association
2. a: an act, process, or instance of transacting b: a communicative action or activity involving two parties or things that reciprocally affect or influence each other -- trans.ac.tion.al adj