Payment vs Transaction - What's the difference?
As nouns the difference between payment and transaction
is that payment
is (uncountable) the act of paying while transaction
is the act of conducting or carrying out (business, negotiations, plans).
Other Comparisons: What's the difference?
(uncountable) The act of paying.
(countable) A sum of money paid in exchange for goods or services.
* , chapter=7
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.}}
* down payment
* grease payment
* lubrication payment
* payment in kind
The act of conducting or carrying out (business, negotiations, plans).
A deal or business agreement.
An exchange or trade, as of ideas, money, goods, etc.
(finance) The transfer of funds into, out of, or from an account.
(computing) An atomic operation; a message, data modification, or other procedure that is guaranteed to perform completely or not at all (e.g. a database transaction).
(especially in plural) A record of the proceedings of a learned society
* piece of the action