Transaction vs. Payment

Transactionnoun

The act of conducting or carrying out (business, negotiations, plans).

Transactionnoun

A deal or business agreement.

Transactionnoun

An exchange or trade, as of ideas, money, goods, etc.

Transactionnoun

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

Transactionnoun

(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).

Transactionnoun

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

Transactionnoun

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

Transactionnoun

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

Transactionnoun

An adjustment of a dispute between parties by mutual agreement.

Transactionnoun

the act of transacting within or between groups (as carrying on commercial activities);

Transactionnoun

an instance of buying or selling something

Transactionnoun

the action of conducting business

Transactionnoun

an exchange or interaction between people

Transactionnoun

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

Transactionnoun

an input message to a computer system dealt with as a single unit of work

Paymentnoun

(uncountable) The act of paying.

Paymentnoun

(countable) A sum of money paid in exchange for goods or services.

Paymentnoun

The act of paying, or giving compensation; the discharge of a debt or an obligation.

Paymentnoun

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.

Paymentnoun

Punishment; chastisement.

Paymentnoun

a sum of money paid

Paymentnoun

the act of paying money

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.