Files with CSV (Comma Separated Values) extension represent plain text files that contain records of data with comma separated values. Each line in a CSV file is a new record from the set of records contained in the file. Such files are generated when data transfer is intended from one storage system to another. Since all applications can recognize records separated by comma, import of such data files to database is done very conveniently.
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A file with .TXT extension represents a text document that contains plain text in the form of lines. Paragraphs in a text document are recognized by carriage returns and are used for better arrangement of file contents. A standard text document can be opened in any text editor or word processing application on different operating systems. All the text contained in such a file is in human-readable format and represented by sequence of characters.
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You can also convert CSV into many other file formats. Please see the complete list below.