Legal Definition of Transactions: The act of conducting business; a deal; in a broad sense, a contract; something which takes place or has taken place; a dealing between two or more parties | Learn the basics of the legal definition of transactions and why it’s important for your business. From purchase and sale to employment contracts, explore various examples and understand the significance of transactions in legal compliance, contractual clarity, financial management, and building trust. Boost your business with a solid understanding of transactions