Legal Definitions - transact

Definition: To carry out or conduct business, negotiations, or transactions to a conclusion.

Examples:

• They met to transact business and sign the contract.
• The company transacted a deal with their supplier.
• He refused to transact with the enemy during the war.

The examples illustrate how the term "transact" is used to describe the act of carrying out or conducting business, negotiations, or transactions to a conclusion. In the first example, people met to transact business and sign a contract, which means they conducted negotiations and reached an agreement. In the second example, the company transacted a deal with their supplier, which means they carried out a transaction to purchase goods or services. In the third example, the person refused to transact with the enemy, which means they refused to conduct any business or negotiations with them.