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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 ?
Supporting Quotes "We believe our position as a leader in the Forrester Wave for ECM Transactional Services confirms Lexmark enterprise software solutions deliver real value to our customers," said Reynolds C.
For example, due to male self-schema, male students may perceive transactional leadership styles as being more salient than do female students.
Revenue Canada's general expectation that pricing determinations reflect the application of a transactional method ("comparable uncontrolled price," "cost plus," and "resale minus"), rather than a profit split or comparison, continues and, if anything, is more clearly stated, although to much the same effect as in the existing administrative practice.
Instructors that are regularly available have more opportunities to increase the confidence and satisfaction of students and decrease transactional distance.
The USI/Jones Lang LaSalle team will proactively review UTC's international portfolio to identify strategic opportunities to lower real estate costs and provide a full range of real estate transactional services.
1998), the North Carolina Court of Appeals explicitly adopted the transactional test and rejected the functional test for defining business income.
The difference between the transactional and the functional tests is particularly important in connection with the sale of a business because often the sale of the business will not be a regular incident of the taxpayer's operations.
Because the purposes of the Inn of Transactional Counsel and the American Inns of Court Foundation are virtually the same, the affiliation brings together two ideally suited partners.
Organizations routinely send transactional emails as a way to confirm purchases, notify customers of shipments or to respond to countless events from eCommerce, CRM or other systems.
The circuit court applied the transactional test to classify the gain on LHIs as nonbusiness income, despite the fact they had been used as an integral part of Kroger's business.
NEW YORK -- LexisNexis, a leading global provider of information and services solutions, today announced the launch of LexisNexis([R]) Transactional Advisor, a service that brings together relevant legal content and specific capabilities transactional attorneys require and aligns them to match their daily workflow.
Introduction of New User Interface Furthers EMC's Offerings Designed for Managing Transactional Content and Processes

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