1. An official, legally recognized exchange of goods, services, or money conducted according to established procedures and documented with proper records.
The purchase of the property required a formal transaction through a notary.
A compra do imóvel exigiu uma transação formal através de um cartório.
2. A business or financial dealing that follows prescribed rules and involves official documentation.
All formal transactions must be recorded in the company's accounting system.
Todas as transações formais devem ser registradas no sistema contábil da empresa.