transaction
Defined in 6 dictionaries — Case Law, U.S. Code, Bouvier (1914), Black's (1910), Anderson (1889), Abbott (1879)
Definitions from Case Law
From 270 U.S. 593 - Moore v. New York Cotton Exchange · 1926Most cited · 1,578 citing opinions
Transaction' is a word of flexible meaning. It may comprehend a series of many occurrences, depending not so much upon the immediateness of their connection as upon their logical relationship.
United States Code
15 U.S.C. § 7006 — for purposes of this subchapter
The term “transaction” means an action or set of actions relating to the conduct of business, consumer, or commercial affairs between two or more persons, including any of the following types of conduct—
(A) the sale, lease, exchange, licensing, or other disposition of (i) personal property, including goods and intangibles, (ii) services, and (iii) any combination thereof; and
(B) the sale, lease, exchange, or other disposition of any interest in real property, or any combination thereof.
18 U.S.C. § 1956 — as used in this section
the term “transaction” includes a purchase, sale, loan, pledge, gift, transfer, delivery, or other disposition, and with respect to a financial institution includes a deposit, withdrawal, transfer between accounts, exchange of currency, loan, extension of credit, purchase or sale of any stock, bond, certificate of deposit, or other monetary instrument, use of a safe deposit box, or any other payment, transfer, or delivery by, through, or to a financial institution, by whatever means effected;
26 U.S.C. § 355 — for purposes of this section
For purposes of this subsection, the term “transaction” includes a series of transactions.
26 U.S.C. § 7701 — for purposes of this title
The term “transaction” includes a series of transactions.
Bouvier's Law Dictionary and Concise Encyclopedia
John Bouvier; revised by Francis Rawle · 1914
The doing or performing of any business; the management of an affair. Montague v. Thomason, 91 Tenn. 173,
Black's Law Dictionary
Henry Campbell Black, M.A. · 1910
In the civil law. A transaction or compromise is an agreement betwcen two or more persons, who, for preventing or putting an end to a lawsuit, adjust their differences by mutual consent, in the manner which they agree on, and which every one of them prefers to the hope of gaining, balanced by the danger of losing. This contract must be reduced into writing. Civ. Co.de La. art. 3071.
In common law. Whatever may be done by one person which affects another's rights, and out of which a cause of action may arise. Scarborough v. Smith, 18 Kan. 406. "Transaction" is a broader term than "contract." A contract is a transaction, but a transaction is not necessarily a contract. See Ter Kuile v. Marsland, 81 Hun, 420, 31 N. Y. Supp. 5; Xenia Branch Bank v. Lee, 7 Abb. Prae. (N. Y.) 372; Roberts v. Donovan, 70 Cal. 113, 11 Pac. 599.
A Dictionary of Law
William C. Anderson · 1889
Whatever may be done by one person which affects another's rights, and out of which a cause of action may arise.* Is broader than "contract." A contract is a transaction, but a transaction is not necessarily a contract.^ In a statute limiting counter-claims to demands arising out of the same transaction: some commercial or business negotiation; not, a wrong of violence or fraud." See Relation, 1; Res, Gestae.
Dictionary of Terms and Phrases Used in American or English Jurisprudence
Benjamin Vaughan Abbott · 1879
The term transaction, in a statute limiting countercial or business negotiation, and not a wrong of violence or fraud. In an action for an assault and battery, the defendant cannot set up an assault and battery committed upon him by the plaintiff, just before the time of the assault complained of. Barhyte v. Hughes, 33 Barb. 820.