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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 ?
section] 1367(a) (authorizing jurisdiction over transactionally related claims "include[ing] claims that involve the joinder or intervention of additional parties").
The High Court might, of course, be perfectly right to restrict the unconscionable dealing doctrine by holding the Ds of this world to extremely low standards of commercial morality in dealing--here to a responsibility simply to refrain from naked exploitation--but if the goal in this context is to protect the transactionally 'vulnerable' when their (very serious) vulnerabilities are sufficiently known to their transactional opponents, a doctrine that is directed only at regulating against interpersonal exploitation is hardly significant protection against non-consensual transfers of value via the facilitative institution of contract.
This study differentiates between emotionally engaged and transactionally engaged workers.
Live MySQL Backup coordinates with MySQL and NetJapan's proprietary copy-on-write subsystem to ensure transactionally consistent, live database backups.
313, 321-22 (2011) ("Without explicitly addressing the general ban on claim splitting, the Cooper Court permitted the absent class members to pursue individual claims of discrimination even though those claims were transactionally related to the pattern claims adjudicated in the class action.
To become agile, organizations must first embrace SWP, which means that the HC function has to be working strategically with the business leaders rather than transactionally --one of the three imperatives highlighted earlier.
These authors envision the relationship between the socio-cultural and the cognitive as relating transactionally in a nested relationship, with literacy learning occurring within the context of socio-culturally constructed literacy practices.
Unlike mentoring, coaching tends to be more transactionally specific, as when firms provide coaches to smooth the transition for a unique work assignment (Black et al.
We've gone from being transactionally oriented--handling reinsurance renewals year after year--to behaving more like consultants to clients' businesses.
He told delegates the idea was not to touch taxpayers' money currently budgeted for public healthcare services, but rather to partner with the private sector in a number of ways, including transactionally.
Mortgage Builder's hosted delivery model let us open our doors with an industry-leading LOS platform while incurring costs transactionally," she said.
However they are still considered to be too generic and not as specific and transactionally oriented as the domestic anti-conduit rules.

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