Payment vs Transaction - What's the difference?

payment | transaction |


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?

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

    transaction

    Noun

    (en noun)
  • 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
  • See also

    * piece of the action ----