What context can I use each word in?
Learn when and how to use these words with these examples!
purchase
Example
I need to purchase a new laptop for work. [purchase: verb]
Example
The purchase of the house was completed last week. [purchase: noun]
transaction
Example
The transaction was completed online using a credit card. [transaction: noun]
Example
We need to record all transactions in the company's financial report. [transaction: noun]
Good things to know
Which word is more common?
Purchase is more commonly used than transaction in everyday language, especially in informal contexts. Transaction is more commonly used in formal or business settings.
What’s the difference in the tone of formality between purchase and transaction?
Transaction is generally considered more formal than purchase, as it is often used in business or legal contexts. Purchase can be used in both formal and informal settings.
