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English definition of “transact”

transact

verb [I or T]     /trænˈzækt/ formal
COMMERCE to make and complete a purchase (= occasion when you buy something) or a sale: The company transacts business in various foreign countries. Some 40% of its foreign-exchange deals are now transacted through the net.transact with sb/sth IT lowers the costs of transacting with outside suppliers.
(Definition of transact verb from the Cambridge Business English Dictionary © Cambridge University Press)
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