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Payment vs Transfer - What's the difference?

payment | transfer |

In uncountable terms the difference between payment and transfer

is that payment is the act of paying while transfer is the act of conveying or removing something from one place, person or thing to another.

In countable terms the difference between payment and transfer

is that payment is a sum of money paid in exchange for goods or services while transfer is a design conveyed by contact from one surface to another; a heat transfer.

As a verb transfer is

to move or pass from one place, person or thing to another.

payment

English

Noun

  • (uncountable) The act of paying.
  • (countable) A sum of money paid in exchange for goods or services.
  • * , chapter=7
  • , title= The Mirror and the Lamp , passage=“[…] This is Mr. Churchill, who, as you are aware, is good enough to come to us for his diaconate, and, as we hope, for much longer; and being a gentleman of independent means, he declines to take any payment .” Saying this Walden rubbed his hands together and smiled contentedly.}}

    Synonyms

    *

    Derived terms

    * down payment * grease payment * lubrication payment * payment in kind

    transfer

    Verb

    (transferr)
  • To move or pass from one place, person or thing to another.
  • to transfer''' the laws of one country to another; to '''transfer suspicion
  • To convey the impression of (something) from one surface to another.
  • to transfer drawings or engravings to a lithographic stone
  • To be or become transferred.
  • (legal) To arrange for something to belong to or be officially controlled by somebody else.
  • The title to land is transferred by deed.

    Synonyms

    * carry over, move, onpass * (convey impression of from one surface to another) copy, transpose * (to be or become transferred)

    Derived terms

    * transferee * transferor

    Noun

  • (uncountable) The act of conveying or removing something from one place, person or thing to another.
  • (countable) An instance of conveying or removing from one place, person or thing to another; a transferal.
  • * {{quote-magazine, title=An internet of airborne things, date=2012-12-01, volume=405, issue=8813, page=3 (Technology Quarterly), magazine= citation
  • , passage=A farmer could place an order for a new tractor part by text message and pay for it by mobile money-transfer . A supplier many miles away would then take the part to the local matternet station for airborne dispatch via drone.}}
  • (countable) A design conveyed by contact from one surface to another; a heat transfer.
  • A soldier removed from one troop, or body of troops, and placed in another.
  • (medicine) A pathological process by which a unilateral morbid condition on being abolished on one side of the body makes its appearance in the corresponding region upon the other side.
  • Synonyms

    * (act) transferal, transference * (instance) transferal

    Usage notes

    * In the United Kingdom education system the noun is used to define a move from one school to another, for example from primary school to secondary school. Contrast with transition which is used to define any move within or between schools, for example, a move from one year group to the next.