Usually used in professional or commercial situations to discuss agreements or negotiations. The two companies will transact a merger deal next month.
Pro Tip 2/3
Active Engagement
Implies participation in an active process, where both parties contribute to the transaction. The broker and the client transacted the sale over several meetings.
Pro Tip 3/3
Formal Tone
Has a formal tone and is less common in casual conversation than in business environments. Our firm prefers to transact serious business in person rather than by email.