Transaction Trans*ac"tion, n. [L. transactio, fr. transigere, transactum, to drive through, carry through, accomplish, transact; trans across, over + agere to drive; cf. F. transaction. See {Act}, {Agent}.] 1. The doing or performing of any business; management of any affair; performance. [1913 Webster]

2. That which is done; an affair; as, the transactions on the exchange. [1913 Webster]

3. (Civil Law) An adjustment of a dispute between parties by mutual agreement. [1913 Webster]

{Transaction of a society}, the published record of what it has done or accomplished. [1913 Webster]

Syn: Proceeding; action; process.

Usage: {Transaction}, {Proceeding}. A transaction is something already done and completed; a proceeding is either something which is now going on, or, if ended, is still contemplated with reference to its progress or successive stages. [1913 Webster]

Note: `` We the word proceeding in application to an affray in the street, and the word transaction to some commercial negotiation that has been carried on between certain persons. The proceeding marks the manner of proceeding, as when we speak of the proceedings in a court of law. The transaction marks the business transacted; as, the transactions on the Exchange.'' --Crabb. [1913 Webster]

The Collaborative International Dictionary of English. 2000.


Look at other dictionaries:

  • transaction — [ trɑ̃zaksjɔ̃ ] n. f. • 1281; lat. transactio, de transigere → transiger 1 ♦ Dr. Acte par lequel on transige. Contrat par lequel les contractants terminent ou préviennent une contestation en renonçant chacun à une partie de leurs prétentions. ⇒… …   Encyclopédie Universelle

  • transaction — trans·ac·tion /tran zak shən, sak / n 1: something transacted; esp: an exchange or transfer of goods, services, or funds 2 a: an act, process, or instance of transacting b: an action or activity involving two parties or things that reciprocally… …   Law dictionary

  • transaction — Transaction. subst. f. v. Acte par lequel on transige sur un differend. Passer une transaction. faire homologuer une transaction. le troisiéme article de la transaction porte que. &c …   Dictionnaire de l'Académie française

  • transaction — (n.) mid 15c., the adjustment of a dispute, a negotiated agreement, from M.Fr. transaction, from L. transactionem (nom. transactio) an agreement, accomplishment, from pp. stem of transigere accomplish, drive or carry through, from trans through + …   Etymology dictionary

  • Transaction — (v. lat.), 1) so v.w. Vergleicht 2) so v.w. Verhandlung, bes. solche, welche einem abzuschließenden Vergleiche vorausgehen. Daher Transactor, Vergleichsstifter, Schiedsmann, u. Transigiren, übereinkommen, sich im Guten vergleichen …   Pierer's Universal-Lexikon

  • transaction — [n] business dealing; undertaking act, action, activity, affair, agreement, bargain, bond, business, buying, compact, contract, convention, coup, covenant, deal, deed, disposal, doings*, enterprise, event, execution, goings on*, happening,… …   New thesaurus

  • transaction — ► NOUN 1) an instance of buying or selling. 2) the action of conducting business. 3) an exchange or interaction between people. DERIVATIVES transactional adjective. ORIGIN Latin, from transigere drive through …   English terms dictionary

  • transaction — [tran zak′shən, transak′shən] n. [L transactio] 1. a transacting or being transacted 2. something transacted; specif., a) a business deal or agreement b) [pl.] a record of the proceedings of a society, convention, etc., esp. a published one… …   English World dictionary

  • transaction — The delivery of a security by a seller and its acceptance by the buyer. Bloomberg Financial Dictionary This term is context dependent. From an operational standpoint, it refers to a matched trade, but it has a different meaning for clearing… …   Financial and business terms

  • Transaction — A transaction is an agreement, communication, or movement carried out between separate entities or objects, often involving the exchange of items of value, such as information, goods, services and money.*Financial transaction *Database… …   Wikipedia

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