'transaction' originates from Latin, specifically the word 'transactio,' where 'trans-' meant 'across' and 'actio' meant 'action.'

'transactio' transformed into the Old French word 'transaccion,' and eventually became the modern English word 'transaction' through Middle English.

Initially, it meant 'the act of carrying out,' but over time it evolved into its current meaning of 'a business deal or exchange.'