transaction

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transaction

noun accomplishment, achievement, act, action, activity, administration, adventure, affair, commission, completion, consummation, deal, deed, direction, effectuation, enactment, enterprise, execution, exercise, exploit, management, measure, negotium, operation, performance, proceeding, process, purchase, sale, undertaking
Associated concepts: arms length transaction, transacting business, transactional immunity
Foreign phrases: Res inter alios judicatae nullum aliis praejudicium faciunt.Transactions between strangers ought not to injure those who are not parties to them.
See also: act, agreement, business, commerce, commission, contract, course, deal, event, exchange, interchange, occurrence, operation, proceeding, process, sale, trade, treatment, undertaking

TRANSACTION, contracts, civil law. An agreement between two or more persons, who for the purpose of preventing or putting an end to a law suit, adjust their differences by mutual consent, in the manner which they agree on; in Louisiana this contract must be reduced to writing. Civil Code of Louis, 3038.
     2. Transactions regulate only the differences which appear to be clearly comprehended in them by the intentions of the parties, whether they be explained in a general or particular manner, unless it be the necessary consequence of what is expressed; and they do not extend to differences which the parties, never intended to include in them. Id. 3040.
     3. To transact, a man must have the capacity to dispose of the things included in the transaction. Id. 3039; 1 Domat, Lois Civiles, liv. 1, t. 13, s. 1; Dig. lib. 2, t. 15, l. 1; Code lib. 2, t. 4, 1. 41. In the common law this is called a compromise. (q.v.)

References in periodicals archive ?
Using the SAFEView Document Management System, RELAY users can complete their online transaction files by uploading signed contracts and other necessary documents directly to RELAY with the click of a button.
Test large electronic transaction files for duplicate payments, invoices or addresses for multiple employees or vendors that often escape notice when checked manually.
The profitability system would use the bank's financial statements, detailed general ledger and branch information, product data from the core processing system, as well as monthly transaction files, and a comprehensive database of alternative sources and uses of funds to analyze profitability at a number of levels.
Sy Levine (Public Forum, March 26) said that Whitewater transaction files, legally required to be kept, somehow cannot be found until months later, and evidence supporting Katherine Willey's recent attempts at employment with the support of the White House are quite easily recovered and presented to the media.
Download of bank transaction files for electronic reconciliation;

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