Transactional emails are emails that are sent when a particular action occurs triggering an email to send. Ex. a purchase is made triggering an order confirmation email, or a shipment is sent triggering a shipping confirmation email to send. 

Here is a list of the notification emails you can customize with Spently:

Order Confirmation
Order Canceled
Order Refund
Draft Order Invoice
Abandoned Checkout
Gift Card Created
Shipping Confirmation
Shipping Update
Shipment out for Delivery
Shipment Delivered
Customer Account Invite
Customer Account Welcome
Customer Account Password Reset
Contact Customer

Fun Fact - Transactional emails are the highest opened emails you can send your customers!

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