“Transaction for Action, or Incident. ‘The policeman struck the man with his club, but the transaction was not reported.’ ‘The picking of a pocket is a criminal transaction.’ In a transaction two or more persons must have an active or assenting part; a business transaction, Transactions of the Geographical Society, etc. The Society’s action would be better called Proceedings.”
Excerpted from: Bierce, Ambrose. Write it Right: A Little Blacklist of Literary Faults. Mineola, NY: Dover, 2010.