trans·ac·tion /tran-'zak-shən, -'sak-/ n
1: something transacted; esp: an exchange or transfer of goods, services, or funds
2 a: an act, process, or instance of transacting
b: an action or activity involving two parties or things that reciprocally affect or influence each other
3 in the civil law of Louisiana: an onerous contract that is intended by the parties to prevent or end actual or possible litigation and in which they make reciprocal concessions compare accord, satisfaction
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.