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The Collaborative International Dictionary of English v.0.48:

Transact \Trans*act"\, v. t. [imp. & p. p. Transacted; p. pr. & vb. n. Transacting.] [L. transactus, p. p. of transigere. See Transaction.] To carry through; to do; perform; to manage; as, to transact commercial business; to transact business by an agent. [1913 Webster]