transaction


transaction
A matter of dealing between parties, the word implying action, consent, knowledge, or acquiescence on the part of both of them. Blount v Blount, 158 Ala 242, 48 So 581. The carrying on or through of any matter or affair by two parties in concert the word implying mutuality. 58 Am J1st Witn § 238. The doing or performing of some business between parties, or the management of any affair, for the benefit or detriment of one or both of the parties. Re Wind, 27 Wash 2d 421, 178 P2d 731, 173 ALR 1276 (transaction with decedent). An act or agreement, or several acts or agreements having some connection with each other, in which two or more persons are concerned and by which legal relations between them are altered. 1 Am J2d Actions § 108. `As the word is employed in codes of pleading, it means something which has taken place whereby a cause of action has arisen. It must therefore consist of an act or an agreement, or several acts or agreements having some connection with each other, in which more than one person is concerned, and by which the legal relations of such persons between themselves are altered. Craft Refrigerating Machine Co. v Quinnipiac Brewing Co. 63 Conn 551, 29 A 76. See repeated transactions.

Ballentine's law dictionary. . 1998.

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  • 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 — 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;… …   The Collaborative International Dictionary of English

  • 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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