Transaction
Legal Definition and Related Resources of Transaction
☑️ This definition is part of the content of Lawi's courses, guides, tools and other solutions and the world's leading and largest online law dictionary. It offers legal definitions, synonyms, word origins, translations, meanings, example sentences, and more. It is considered a trusted authority, a broad glossary of legal terms and an unsurpassed guide for professionals, students and researchers in any discipline related to law and, in general, to the social sciences. Do you like what you read? Can I ask a favor from you? Like and share it with your family and friends so that others can discover it too. If you have been forwarded this text, please subscribe here.
Meanings, Synonyms, Etymology, Translations and More
Meaning of Transaction
A word of general import meaning a group of facts so connected together as to be referred to by a single name; as a crime , contract , a wrong.
Transaction Alternative Definition
(from Lat. trans and ago, to carry over). Whatever may be done by one person which affects another's rights and out of which cause of action may arise. 151 Wis. 266, 271; 143 Wis. 664, 572, 128 N. W. 445; the doing or the performing of any affair, management of any matter; as the transactiqji of business; that which is done or m the process of being done; an affair. 149 la. 645, 660. In civil law. An agreement between two or more persons, who, for the purpose of preventing or putting an end to a lawsuit, adjust their difference, by mutual consent, in the manner which they agree on. In Louisiana this contract must be reduced to writing. Civ. Code La. art. 3038. Transactions regulate only the differences which appear to be clearly comprehended in them by the inteiitions 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. Civ. Code La. art. 3040. To transact, a man must have the' capacity to dispose of the things included in the transaction. 1 Domit, Lois Civ. 1. 13. 1; Dig. 2. 15. 1; Code, 2. 4. 41. In the common law, this is called a compromise. See "Compromise."
Synonyms of Transaction
noun
accomplishment
achievement
act
action
activity
administration
adventure
affair
business
commission
completion
consummation
deal
dealing
deed
direction
effectuation
enactment
enterprise
execution
exercise
exploit
management
measure
negotiation
negotium
operation
performance
proceeding
process
purchase
sale
undertaking Associated Concepts: arms length transaction
transacting business
transactional immunity foreign phrases: Res inter alios judicatae nullum aliis praejudicium faciunt
Transactions between strangers ought not to injure those who are not parties to them
Related Entries of Transaction in the Lawi Project
Browse or run a search for Transaction in the legal resources (including dictionaries and American law definitions), the Asian legal platform, the European law platform, the British legal resources or the Latin American and Spanish platform and publications (Lawi) about law in the world.
Transaction in Historical Law
You might be interested in the historical meaning of this term. Browse or search for Transaction in historical law and the evolution of legal systems (study).
Legal Abbreviations and Acronyms
Search for legal acronyms and/or abbreviations containing Transaction in the Legal Abbreviations and Acronyms Dictionary.
Related Legal Terms
You might be also interested in these legal terms:
Mentioned in these terms
Acquiescence, Agency By Estoppel, Attempt, Charter, Circumstance, Clean Hands, Closing, Closing Costs, , , Disclosure, Duplicity, Engage, Enter, Equitable Mortgage, Essence, Eye-witness, Facility, Feoffment, First Right Of Refusal, Good Faith, Isolated Sale, Isolated Transaction, Material Fact, Memorandum, Minimum Contact, , Mutuality, On Approval, Sale, Participant, Party, Pledge, , Post Office, Protocols, Purchase, Reasonable Doubt, Recoupment, Reinsurance, Doctrine Of Relation, Res Gesteae, Resulting Trust, Sale On Condition, Secured Transaction, Session, Statement, Stock Exchange, Stranger, Third Party, Transitory Action.
Browse
You might be interested in these references tools, listed by resource (with its description) here:
Transaction in the Dictionary: Transaction in our legal dictionaries
Browse the Legal Thesaurus: Find synonyms and related words of Transaction
Legal Maxims: Maxims are established principles that jurists use as interpretive tools, invoked more fr equently in international law Legal Answers (Q&A): A community-driven knowledge creation process, of enduring value to a broad audience
Related topics: Transaction in this project about law in the world (Lawi)
Notice
This definition of Transaction is based on the The Cyclopedic Law Dictionary. This entry needs to be proofread.
Vocabularies (Semantic Web Information)
Learn from the following resources (with their descriptions):
Topic Map: A group of names, occurrences and associations
Topic Tree: A topic display format, showing the hierarchy
Sitemap Index: Sitemap Index, including Taxonomies
https://dictionarylaw.substack.com/p/transaction/: The URI of Transaction (more about URIs)
Transaction Definition (in the Accounting Vocabulary)
The New York State Society of Certified Public Accountants offers the following definition of Transaction in a way that is easy for anybody to understand: The act of transacting, especially a business agreement or exchange; event or condition recognized by an entry in the book ACCOUNT.
Transaction