65 Definitions In the last preceding section ***transaction*** includes any sale, exchange, partition, assurance, grant, lease, surrender, reconveyance, release, reservation or other disposition, and any purchase or other acquisition, and any covenant, contract, or option, and any application of capital money (except as hereinafter mentioned), and any compromise or other dealing or arrangement; but does not include an application of capital money in payment for any improvement not authorized by this Act, or by the settlement; and ***effected*** has the meaning appropriate to the particular transaction; and the references to ***land*** include references to restrictions and burdens affecting land.

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