\Trans*ac"tion\, n. [L. transactio, fr. transigere,
transactum, to drive through, carry through, accomplish,
transact; trans across, over + agere to drive; cf. F.
transaction. See {Act}, {Agent}.]
1. The doing or performing of any business; management of any
   affair; performance.
2. That which is done; an affair; as, the transactions on the
   exchange.
3. (Civil Law) An adjustment of a dispute between parties by
   mutual agreement.
{Transaction of a society}, the published record of what it
   has done or accomplished.
Syn: Proceeding; action; process.
Usage: {Transaction}, {Proceeding}. A transaction is
       something already done and completed; a proceeding is
       either something which is now going on, or, if ended,
       is still contemplated with reference to its progress
       or successive stages.
Note: `` We the word proceeding in application to an affray
      in the street, and the word transaction to some
      commercial negotiation that has been carried on between
      certain persons. The proceeding marks the manner of
      proceeding, as when we speak of the proceedings in a
      court of law. The transaction marks the business
      transacted; as, the transactions on the Exchange.''
      --Crabb.