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What is the difference between operational and operative?
Operative means “in effect”, “in operation at the moment”. Operational means “ready to function/fit to operate” The object in question may not be in operation (operative) at the moment.
What is difference between transaction and payment?
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).
Is transaction the same as transfer?
As nouns the difference between transfer and transaction is that transfer is (uncountable) the act of conveying or removing something from one place, person or thing to another while transaction is the act of conducting or carrying out (business, negotiations, plans).
What is an operative word mean?
phrase. If you describe a word as the operative word, you want to draw attention to it because you think it is important or exactly true in a particular situation.
Is transaction a payment?
A transaction involves the monetary exchange for a good or service. Accrual accounting recognizes a transaction immediately after it is finalized regardless of when payment is received or paid.
What is meant by transfer transaction?
A transaction is a change of state, an information-transfer transaction is a transaction in which one of the following changes occurs: content, ownership, location, format, etc. Examples of these consecutive phases are the copying and transporting of information.
What is meant by a transfer payment?
A transfer payment is a payment of money for which there are no goods or services exchanged. Transfer payments commonly refer to efforts by local, state, and federal governments to redistribute money to those in need. In the U.S., Social Security and unemployment insurance are common types of transfer payments.