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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.)

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
Transact is an investment platform used by financial advisers and their clients.
The law requires all third parties who may be authorized to transact with the BOC on behalf of another person or entity to register with the bureau first.
PwC's second TransAct Middle East edition titled, "What's shaping M&A in the Middle East?" shows a market decline in M&A activity from 2017 - 2018, with the total number deals decreasing from 267 in 2017 to 214 in 2018.
Blackboard Transact provides payment services to higher education and other institutions in the US and abroad.
Commenting on the new feature, Vishal Gupta, Head of Product, PhonePe, said, "The PhonePe keyboard is an industry first initiative that will give PhonePe consumers the power to transact seamlessly and securely even while using other apps on their smartphone.
An account of another suspect, a resident of Nusrat Bhutto Colony, Muhammad Ibrahim, was found to have transacted a total of Rs454 million from July 1, 2015 until June 30, 2018.
TransAct Technologies Incorporated develops software-driven technology and printing solutions for high-growth markets including restaurant solutions, POS automation, casino and gaming, lottery, mobile and oil and gas.
Mobile loyalty and rewards platform in South-east Asia, Fave through its new mobile payments application FavePay has seen 200 per cent transaction growth in the first quarter 2018 with over US$ 10 million (RM39 million) transacted since the launch.
Next Gen Park is a new component of TRANSACT that serves as a showcase for leading payments accelerators/incubators and the innovative startups in their portfolio.
Presidential spokesman Harry Roque said that Finance Secretary Carlos Dominguez, who was treasurer for the presidential campaign, has already given his assurance that he did not pay anything to nor transact with Strategic Communications Laboratories, the parent company of Cambridge Analytica, a firm at the center of a scandal engulfing Facebook after it was revealed that it harvested data from users and their friends and use them to influence the 2016 US presidential election.
Due to a series of measures that will expand capacities for executing arbitrage transactions banks will have the opportunity: to transact such operations on the instructions of legal entities and sole proprietors, while previously these could only be transacted only on the instructions of individual customers; to enter into agreements for executing arbitrage transactions with other certified banks that already have established relations with foreign counterparties, and to execute arbitrage transactions with a new instrument, i.e.