Definition of: transaction

(trans·ak′shən, tranz-) .
1. The management of any affair.
2. Something transacted; an affair; a business deal.
3. plural Published reports, as of a society.
—trans·ac′tion·al adjective Synonyms: act, action, affair, business, deed, doing, proceeding. A man's acts or deeds may be exclusively his own; his transactions involve the agency or participation of others. A transaction is something completed; a proceeding is or is viewed as something in progress; but since transaction is often used to include the steps leading to the conclusion, while proceedings may result in action, the dividing line between the two words becomes sometimes quite faint. Both transactions and proceedings are used of the records of a deliberative body, especially when published. See ACT.