transaction

[Fr., from Lat. transaction. em, acc us. of transactio =a completion, an agreement, from transact us, pa. par. of trans i go to drive or thrust through, to settle a matter, to complete a busine ; trans- =acro , through, and ago =to drive; Sp. trans acc i on; Ital. trans azione.] I. Ordinary Language : 1. The act of one who transacts; the doing, performing, or carrying out of anything; management of any busine or affair; as, to meet for the trans action of busine . 2. That which is transacted, done, or performed; that which takes place; an affair, an action, a matter of busine . "This I was sorry for, as I wanted to make her a present, in return for the part she had taken in all our trans actions , private as well as public."-Cook: Second Voyage, bk. iii., ch. ii. 3. ( Pl .): The reports or published volumes, containing the papers or abstracts of papers, speeches, discu ions, ., relating to sciences or arts, which have been read or delivered at the meetings of learned or scientific societies, and which have been considered worthy of being published at the expense of such societies; as, The Transactions of the American Antiquarian Society. II. Civil Law : An adjustment of a dispute between parties by mutual agreement.