Transaction of a society
(gcide) | 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.
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2. That which is done; an affair; as, the transactions on the
exchange.
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3. (Civil Law) An adjustment of a dispute between parties by
mutual agreement.
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Transaction of a society, the published record of what it
has done or accomplished.
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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.
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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.
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