Transaction

Part of speech: noun (n.)

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. An adjustment of a dispute between parties by mutual agreement. Transaction of a society, the published record of what it has done or accomplished.

Synonyms: 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.