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transact vi

1 : to carry on business
2 in the civil law of Louisiana
: to settle a dispute by a transaction
1 : to carry to completion [ a sale]
2 : to carry on the operation or management of [ business]

Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.