Meaning & use
transacting
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“transacting” is a form of “transact”. See that entry for the full set of meanings.
Meaning
verbtransitive or intransitivebusiness
Carrying out a business deal, payment or exchange with another person or company.
Grammar: Often takes business as object, or stands alone with with: transacting with suppliers.
Patterns
- transact business with someone
- transact with someone
- transact something online
The firm is transacting millions of dollars a day online.
She is transacting business with suppliers in three countries.
Customers are transacting faster thanks to the new payment app.
Word forms
| third person singular | transacts |
|---|---|
| past tense | transacted |
| past participle | transacted |
| -ing form | transacting |
Common combinations
- transacting business
- The company has been transacting business here for years.
- transacting online
- Many people prefer transacting online.
- transacting with customers
- Staff are transacting with customers all day.
- transacting in cash
- Transacting in cash is increasingly rare.
- transacting across borders
- Transacting across borders requires careful records.
Synonyms and how they differ
- trading
- Trading suggests buying and selling goods or shares, while transacting covers any deal or payment.
- dealing
- Dealing is more general and informal, and it can also mean handling a problem.
- conducting
- Conducting needs an object such as business or a survey and does not carry the exchange meaning alone.
- negotiating
- Negotiating is the discussion before an agreement, while transacting is carrying out the deal.
Word family
- transact verb
- to carry out a business deal
- transaction noun
- a business deal or payment
- transactional adjective
- based on exchange of value
- transactor noun
- one who carries out a transaction
Commonly confused: transacting or transiting?
transacting vs transiting
Transiting means passing through a place; transacting means doing business.
Practice
The two companies have been ___ business for ten years without a dispute.
Choose one answer.
Transact business is the standard phrase for carrying out deals. Transfer, translate and transport are not used with business in this sense.
Make it your own
Write a sentence using “transacting”, then check it and compare it with the examples above.