/tə ˈtrænzækt ˈbɪznəs/ – Phrase
Definition: 1. tiến hành hoạt động kinh doanh, giao dịch;
2. thụ lý các vụ án (ở tòa án).
A more thorough explanation: “To transact business” refers to the act of conducting or carrying out commercial or financial activities, such as buying, selling, or exchanging goods or services, entering into contracts, or engaging in other business-related transactions.
Example: The parties met at the bank to transact business regarding the sale of the property.