What is "transacts"

Usage examples of "transacts".

Our house transacts business to the amount of a million a year, from which we derive an income of 40,000 francs.

And although the favor of the God, as forfeited or gained, is still an essential feature of the story, and theology plays a vital part therein, yet the acts to which this sort of religion prompts are personal not ritual acts, the individual transacts the business by himself alone, and the ecclesiastical organization, with its priests and sacraments and other go-betweens, sinks to an altogether secondary place.