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Transaction vs Remittance - What's the difference?

transaction | remittance |

As nouns the difference between transaction and remittance

is that transaction is the act of conducting or carrying out (business, negotiations, plans) while remittance is a payment to a remote recipient.

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 ----

    remittance

    English

    Noun

    (en noun)
  • A payment to a remote recipient.