Transaction.
Synonyms:
act, action, affair, business, deed, doing, proceeding.
One's acts or deeds may be exclusively his own; his transactions involve the agency or participation of others. A transaction is something completed; a proceeding is or is viewed as something in progress; but since transaction is often used to include the steps leading to the conclusion, while proceedings may result in action, the dividing line between the two words becomes sometimes quite faint, tho transaction often emphasizes the fact of something done, or brought to a conclusion. Both transactions and proceedings are used of the records of a deliberative body, especially when published; strictly used, the two are distinguished; as, the Philosophical Transactions of the Royal Society of London give in full the papers read; the Proceedings of the American Philological Association give in full the business done, with mere abstracts of or extracts from the papers read. Compare ACT; BUSINESS.