/trænˈzækt/ – verb
Definition: 1. tiến hành (công việc);
2. ký kết (giao kèo), giao dịch;
3. thương lượng (với chủ nợ).
A more thorough explanation: In legal terms, “transact” refers to the act of conducting business or carrying out a commercial transaction. It involves engaging in negotiations, making agreements, or completing a deal related to buying, selling, or exchanging goods or services.
Example: The parties agreed to transact the sale of the property through their respective legal representatives.