tran(t)ˈsakshən, traan-, -nˈza- noun
( -s )
Etymology: Middle English, from Late Latin transaction-, transactio, from Latin transactus + -ion-, -io -ion
1. : an act, process, or instance of transacting: as
a.
(1) : an adjustment or compromise in Roman and civil law of a disputed claim effected by mutual agreement and resembling the accord and satisfaction of the common law
(2) : compact , covenant
the atonement is to him no mere transaction … but the consequence of God's own nature and will — Times Literary Supplement
b. : a communicative action or activity involving two parties or two things reciprocally affecting or influencing each other
to intensify the transaction between the lay listener and the esthetic object — Arthur Berger
thought transference implies that there is some transaction … between the agent and the subject — A.G.N.Flew
men … get perspectives upon events as the spur of need drives them into interactions and transactions with events — H.L.Parsons
2. : something that is transacted: as
a. : a business deal
a profitable transaction
— often used in plural
service transactions were not sufficient to pay for necessary imports — W.M.W.Splawn
b. transactions plural : a publication usually of a learned society or professional association in which are presented scholarly studies or research reports : proceeding 3
besides many contributions to transactions and periodicals he edited the American edition — F.R.Packard