transaction of a society

1 definition found

transaction of a society - Collaborative International Dictionary of English v.0.48 :

  Transaction \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.
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     2. That which is done; an affair; as, the transactions on the
        exchange.
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     3. (Civil Law) An adjustment of a dispute between parties by
        mutual agreement.
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     Transaction of a society, the published record of what it
        has done or accomplished.
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     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.
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     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.
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