diff --git a/doc/release-notes-16185.md b/doc/release-notes-16185.md
index 14e4004f7..2567ebea4 100644
--- a/doc/release-notes-16185.md
+++ b/doc/release-notes-16185.md
@@ -1,3 +1,6 @@
 RPC changes
 -----------
-The `gettransaction` RPC now accepts a third (boolean) argument `verbose`. If set to `true`, a new `details` field will be added to the response containing additional transaction details.
+The `gettransaction` RPC now accepts a third (boolean) argument `verbose`. If
+set to `true`, a new `decoded` field will be added to the response containing
+the decoded transaction. This field is equivalent to RPC `decoderawtransaction`,
+or RPC `getrawtransaction` when `verbose` is passed.
diff --git a/src/wallet/rpcwallet.cpp b/src/wallet/rpcwallet.cpp
index 9952e868f..216205ed6 100644
--- a/src/wallet/rpcwallet.cpp
+++ b/src/wallet/rpcwallet.cpp
@@ -1648,8 +1648,10 @@ static UniValue gettransaction(const JSONRPCRequest& request)
                 "\nGet detailed information about in-wallet transaction <txid>\n",
                 {
                     {"txid", RPCArg::Type::STR, RPCArg::Optional::NO, "The transaction id"},
-                    {"include_watchonly", RPCArg::Type::BOOL, /* default */ "true for watch-only wallets, otherwise false", "Whether to include watch-only addresses in balance calculation and details[]"},
-                    {"verbose", RPCArg::Type::BOOL, /* default */ "false", "Whether to add a field with additional transaction details"},
+                    {"include_watchonly", RPCArg::Type::BOOL, /* default */ "true for watch-only wallets, otherwise false",
+                            "Whether to include watch-only addresses in balance calculation and details[]"},
+                    {"verbose", RPCArg::Type::BOOL, /* default */ "false",
+                            "Whether to include a `decoded` field containing the decoded transaction (equivalent to RPC decoderawtransaction)"},
                 },
                 RPCResult{
             "{\n"
@@ -1685,7 +1687,8 @@ static UniValue gettransaction(const JSONRPCRequest& request)
             "    ,...\n"
             "  ],\n"
             "  \"hex\" : \"data\"         (string) Raw data for transaction\n"
-            "  \"details\" : transaction         (json object) Optional, additional transaction details. This object contains the same transaction details as the `getrawtransaction` RPC method\n"
+            "  \"decoded\" : transaction         (json object) Optional, the decoded transaction (only present when `verbose` is passed), equivalent to the\n"
+            "                                                RPC decoderawtransaction method, or the RPC getrawtransaction method when `verbose` is passed.\n"
             "}\n"
                 },
                 RPCExamples{
@@ -1739,9 +1742,9 @@ static UniValue gettransaction(const JSONRPCRequest& request)
     entry.pushKV("hex", strHex);
 
     if (verbose) {
-        UniValue details(UniValue::VOBJ);
-        TxToUniv(*wtx.tx, uint256(), details, false);
-        entry.pushKV("details", details);
+        UniValue decoded(UniValue::VOBJ);
+        TxToUniv(*wtx.tx, uint256(), decoded, false);
+        entry.pushKV("decoded", decoded);
     }
 
     return entry;
diff --git a/test/functional/wallet_basic.py b/test/functional/wallet_basic.py
index 4c3fe3078..40ad9081a 100755
--- a/test/functional/wallet_basic.py
+++ b/test/functional/wallet_basic.py
@@ -499,10 +499,10 @@ class WalletTest(BitcoinTestFramework):
         self.nodes[0].setlabel(change, 'foobar')
         assert_equal(self.nodes[0].getaddressinfo(change)['ischange'], False)
 
-        # Test "verbose" field value in gettransaction response
+        # Test "decoded" field value in gettransaction `verbose` response.
         self.log.info("Testing verbose gettransaction...")
         tx = self.nodes[0].gettransaction(txid=txid, verbose=True)
-        assert_equal(tx["details"], self.nodes[0].decoderawtransaction(tx["hex"]))
+        assert_equal(tx["decoded"], self.nodes[0].decoderawtransaction(tx["hex"]))
 
 
 if __name__ == '__main__':