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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 ?
The Implications of transactional and transformational leadership for Individual, team, and organizational development.
He explained that in order to analyse millions of transactional data of each cellular company on daily basis, FBR launched a pilot project by devising an IT-based mechanism to ensure effective monitoring of withholding taxes by the operators.
We tested three transactional and three relational psychological contract breaches, so the maximum number of breaches experienced is three for transactional and three for relational psychological contracts.
There are different teacher leadership styles but according to the requirement and need of instructional process the transactional style of leadership is best of them.
By investigating the role of lived poverty at both the individual and neighborhood level in transactional sex behavior among African-American MSM, the researchers pinpointed a significant association between educational attainment and HIV risk behavior.
Transactional leaders are the ones who set direction, give information to employees regarding their tasks, design work, inform employees with organizational norms and allocate resources as well.
Under the agreement, NBAD will provide Etihad Airways with a full range of transactional banking services across various countries in the region including the UAE, Bahrain, Kuwait, Oman, Egypt, and Jordan.
"People who engage in transactional sex are those who report that they regularly accept payment for sex, pay for sex, or do both," noted the report.
Eighty of Marsh's 90 new transactional risk policies occurred stateside, an increase of 108%.
Average transactional productivity of full-time financial advisors dropped 16 percent to $12,230 in November and was also down 16 percent compared to a year ago.
The results of the study concluded that for developing successful Corporate Social Responsibility practices in an organization the managers should inculcate the traits of transformational leadership along with transactional leadership.

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