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.
2. That which is done; an affair; as, the
transactions on the exchange.
3. (Civil Law) An adjustment of a dispute
between parties by mutual agreement.
Transaction of a society, the published record of
what it has done or accomplished.
Syn. -- Proceeding; action; process. -- 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.
&fist; " 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.
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.
2. That which is done; an affair; as, the
transactions on the exchange.
3. (Civil Law) An adjustment of a dispute
between parties by mutual agreement.
Transaction of a society, the published record of
what it has done or accomplished.
Syn. -- Proceeding; action; process. -- 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.
&fist; " 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.
