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Transaction vs. Payment — What's the Difference?

Transaction vs. Payment — What's the Difference?

Difference Between Transaction and Payment

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Transaction

An instance of buying or selling something
In an ordinary commercial transaction a delivery date is essential

Payment

A payment is the voluntary tender of money or its equivalent or of things of value by one party (such as a person or company) to another in exchange for goods, or services provided by them, or to fulfill a legal obligation. The party making a payment is commonly called the payer, while the payee is the party receiving the payment.

Transaction

Published reports of proceedings at the meetings of a learned society.

Payment

The act of paying or the state of being paid.

Transaction

An input message to a computer system dealt with as a single unit of work
Transaction processing
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Payment

An amount paid
Received a large payment.

Transaction

The act of transacting or the fact of being transacted.

Payment

One's due, reward, or punishment; requital.

Transaction

Something transacted, especially a business agreement or exchange.

Payment

(uncountable) The act of paying.

Transaction

Communication involving two or more people that affects all those involved; personal interaction
"a rich sense of the transaction between writer and reader" (William Zinsser).

Payment

(countable) An instance of that act; a sum of money paid in exchange#Noun for goods or services, or the transaction#Noun that conveys it.

Transaction

Transactions A record of business conducted at a meeting; proceedings.

Payment

The act of paying, or giving compensation; the discharge of a debt or an obligation.
No man envieth the payment of a debt.

Transaction

The act of conducting or carrying out (business, negotiations, plans).
The transaction was made on Friday with the supplier.

Payment

That which is paid; the thing given in discharge of a debt, or an obligation, or in fulfillment of a promise; reward; recompense; requital; return.

Transaction

A deal or business agreement. en

Payment

Punishment; chastisement.

Transaction

An exchange or trade, as of ideas, money, goods, etc.
I made the transaction with the vendor as soon as she showed me the pearls.

Payment

A sum of money paid

Transaction

(finance) The transfer of funds into, out of, or from an account.

Payment

The act of paying money

Transaction

(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).

Transaction

(especially in plural) A record of the proceedings of a learned society.

Transaction

(transactional analysis) A social interaction.

Transaction

The doing or performing of any business; management of any affair; performance.

Transaction

That which is done; an affair; as, the transactions on the exchange.

Transaction

An adjustment of a dispute between parties by mutual agreement.

Transaction

The act of transacting within or between groups (as carrying on commercial activities);
No transactions are possible without him
He has always been honest is his dealings with me

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