TRANSACT
Trans*act", v. t. [imp. & p. p. Transacted; p. pr. & vb. n.
Transacting.] Etym: [L. transactus, p. p. of transigere. See
Transaction.]
Defn: To carry through; to do; perform; to manage; as, to transact commercial business; to transact business by an agent.
TRANSACT
Trans*act", v. i.
Defn: To conduct matters; to manage affairs. [R.] South.
TRANSACTION Trans*ac"tion, n. Etym: [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.
2. That which is done; an affair; as, the transactions on the exchange.
3. (Civil Law)
Defn: 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. — 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.