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.