Transaction vs. Transmission: Know the Difference
By Shumaila Saeed || Updated on December 25, 2023
A Transaction is an exchange or interaction between parties, often involving trade, while Transmission refers to the process of sending or conveying something from one place or person to another.
Key Differences
Transaction typically involves a process of exchange or trade between two or more parties, often including the transfer of goods, services, or funds. Transmission, in contrast, is about sending or conveying something, like information, power, or diseases, from one place to another.
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Nov 28, 2023
In business, a transaction can refer to any form of business dealing or trade, be it purchasing products or engaging in financial operations. Transmission in this context could relate to the transfer of data or information within or between businesses.
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Transactions often require mutual agreement or consent between the parties involved, where each party gains something from the exchange. Transmission is more unilateral, focusing on the act of sending or spreading without necessarily involving an exchange.
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Technologically, transaction can be used to describe interactions within digital systems, like database transactions in computer science. Transmission, in technology, often refers to the process of transferring data, signals, or power over a distance.
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In legal and financial contexts, transactions are usually documented and legally binding agreements. Transmission in legal terms might refer to the transfer of rights, property, or obligations from one party to another.
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Nov 28, 2023
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Comparison Chart
Definition
Exchange or trade between parties
Sending or conveying from one place/person to another
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Nature of Action
Mutual agreement and exchange
Unilateral sending or spreading
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Technology Context
Interactions in digital systems
Transfer of data, signals, or power
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Legal/Financial Context
Documented, legally binding agreements
Transfer of rights, property, or obligations
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Transaction and Transmission Definitions
Transaction
Business Dealing
The transaction between the two companies was profitable.
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Transmission
Power Transfer
The car's transmission ensures power goes from the engine to the wheels.
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Transaction
Exchange of Goods/Services
They completed a transaction for the sale of the car.
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Transmission
Conveying Information
The transmission of data over the network was successful.
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Transaction
Financial Operation
The bank processed numerous transactions daily.
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Transmission
Sending Signals
Radio transmission allows communication over long distances.
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Transaction
Digital System Interaction
The database handled multiple transactions per second.
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Transmission
Spreading of Disease
The transmission of the virus was rapid and widespread.
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Transaction
Legal Agreement
She signed the transaction documents for the property.
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Transaction
Something transacted, especially a business agreement or exchange.
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Oct 19, 2023
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).
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Oct 19, 2023
Transmission
An assembly, as in a motor vehicle, that transmits power from an engine to a driving axle, usually having a manually or automatically adjustable mechanism to control the balance of power and speed. Also called gearbox.
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Oct 19, 2023
Transaction
Transactions A record of business conducted at a meeting; proceedings.
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Transmission
The sending of a signal, picture, or other information from a transmitter.
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Oct 19, 2023
Transaction
The act of conducting or carrying out (business, negotiations, plans).
The transaction was made on Friday with the supplier.
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Oct 19, 2023
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.
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Oct 19, 2023
Transmission
Something that is transmitted, such as a message, picture, or a disease; the sending of such a thing.
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Oct 19, 2023
Transaction
(finance) The transfer of funds into, out of, or from an account.
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Oct 19, 2023
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).
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Transmission
(automotive) An assembly of gears through which power is transmitted from the engine to the driveshaft in a motor car / automobile; a gearbox.
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Transaction
(especially in plural) A record of the proceedings of a learned society.
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Transmission
(legal) The right possessed by an heir or legatee of transmitting to his successor(s) any inheritance, legacy, right, or privilege, to which he is entitled, even if he should die without enjoying or exercising it.
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Oct 19, 2023
Transmission
(medicine, biology) The passing of a communicable disease from an infected host individual or group to a conspecific individual or group.
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Transaction
The doing or performing of any business; management of any affair; performance.
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Oct 19, 2023
Transmission
The act of transmitting, or the state of being transmitted; as, the transmission of letters, writings, papers, news, and the like, from one country to another; the transmission of rights, titles, or privileges, from father to son, or from one generation to another.
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Transaction
That which is done; an affair; as, the transactions on the exchange.
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Transmission
The right possessed by an heir or legatee of transmitting to his successor or successors any inheritance, legacy, right, or privilege, to which he is entitled, even if he should die without enjoying or exercising it.
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Transaction
An adjustment of a dispute between parties by mutual agreement.
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Transmission
The mechanism within a vehicle which transmits rotational power from the engine to the axle of the wheel propelling the vehicle; it includes the gears and gear-changing mechanism as well as the propeller shaft.
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Oct 19, 2023
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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Oct 19, 2023
Transmission
The process or event of sending signals by means of a radio-frequency wave from an electronic transmitter to a receiving device.
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Transmission
The act of sending a message; causing a message to be transmitted
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Transmission
The fraction of radiant energy that passes through a substance
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Transmission
The gears that transmit power from an automobile engine via the driveshaft to the live axle
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Transmission
Legal Transfer of Rights
The transmission of property rights was completed yesterday.
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Nov 28, 2023
Repeatedly Asked Queries
What is a financial transaction?
It's an exchange involving money, like buying or selling.
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Nov 28, 2023
How does transmission work in cars?
It transfers power from the engine to the wheels.
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What is data transmission?
Sending data from one point to another, like over the internet.
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How does disease transmission occur?
Through various means, like contact, air, or fluids.
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What is the role of a transmission in communication?
It's essential for sending and receiving signals.
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Are all transactions legal?
Legally conducted transactions are, but some may be illicit.
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Is a purchase a transaction?
Yes, it's a common type of financial transaction.
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Do transactions always involve two parties?
Typically, but self-transactions are possible in some systems.
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Is transmission automatic in vehicles?
It can be either automatic or manual.
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Can a transaction be reversed?
Some can, depending on the terms and systems involved.
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Does transmission always involve physical movement?
Not always, as in the case of wireless communication.
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Are all transactions recorded?
Typically, especially in business and finance.
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What documents are needed for a property transaction?
Legal agreements, titles, and sometimes notarized documents.
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Are digital transactions secure?
They can be, with proper security measures.
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Can a gift be considered a transaction?
Yes, if it involves a transfer of ownership.
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Is transmission important in networking?
Absolutely, it's fundamental to network communication.
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How is transmission speed measured?
In terms like Mbps (megabits per second) for data.
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Nov 28, 2023
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About Author
Written by
Shumaila SaeedShumaila Saeed, an expert content creator with 6 years of experience, specializes in distilling complex topics into easily digestible comparisons, shining a light on the nuances that both inform and educate readers with clarity and accuracy.
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