The term 'Carry On Business' can be summarized as the act of transacting, which is an 8-letter word. Transacting is the process of exchanging goods or services for money or other goods and services. It is a fundamental part of the economy, as it allows for the exchange of goods and services between individuals, businesses, and organizations. Transacting is also a key component of business operations, as it allows for the efficient and effective exchange of goods and services.