transact (v.)

mid-15c., "the adjustment of a dispute, a negotiated agreement, management or settlement of an affair," from Old French transaccion "exchange, transaction," from Late Latin transactionem (nominative transactio) "an agreement, accomplishment," noun of action from past-participle stem of transigere "stab through; accomplish, perform, drive or carry through, come to a settlement," from trans "across, beyond; through" (see trans-) + agere "to set in motion, drive, drive forward," hence "to do, perform" (from PIE root *ag- "to drive, draw out or forth, move"). Meaning "a piece of business" is attested from 1640s. Related: Transactions; transactional.

word-forming element meaning "across, beyond, through, on the other side of, to go beyond," from Latin trans (prep.) "across, over, beyond," perhaps originally present participle of a verb *trare-, meaning "to cross," from PIE *tra-, variant of root *tere- (2) "cross over, pass through, overcome." In chemical use indicating "a compound in which two characteristic groups are situated on opposite sides of an axis of a molecule" [Flood].

Proto-Indo-European root meaning "to drive, draw out or forth, move."

It forms all or part of: act; action; active; actor; actual; actuary; actuate; agency; agenda; agent; agile; agitation; agony; ambagious; ambassador; ambiguous; anagogical; antagonize; apagoge; assay; Auriga; auto-da-fe; axiom; cache; castigate; coagulate; cogent; cogitation; counteract; demagogue; embassy; epact; essay; exact; exacta; examine; exigency; exiguous; fumigation; glucagon; hypnagogic; interact; intransigent; isagoge; litigate; litigation; mitigate; mystagogue; navigate; objurgate; pedagogue; plutogogue; prodigal; protagonist; purge; react; redact; retroactive; squat; strategy; synagogue; transact; transaction; variegate.

It is the hypothetical source of/evidence for its existence is provided by: Greek agein "to lead, guide, drive, carry off," agon "assembly, contest in the games," agōgos "leader," axios "worth, worthy, weighing as much;" Sanskrit ajati "drives," ajirah "moving, active;" Latin actus "a doing; a driving, impulse, a setting in motion; a part in a play;" agere "to set in motion, drive, drive forward," hence "to do, perform," agilis "nimble, quick;" Old Norse aka "to drive;" Middle Irish ag "battle."