Raceme vs. Panicle: What's the Difference?

Raceme and Panicle Definitions
Raceme
An inflorescence having stalked flowers arranged singly along an elongated unbranched axis, with the flowers at the bottom opening first.
Panicle
A loosely branched inflorescence, especially a branching raceme.
Raceme
(botany) An indeterminate inflorescence in which the flowers are arranged along a single central axis.
Panicle
(botany) A compound raceme.
Raceme
A flower cluster with an elongated axis and many one-flowered lateral pedicels, as in the currant and chokecherry.
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Panicle
A pyramidal form of inflorescence, in which the cluster is loosely branched below and gradually simpler toward the end.
Raceme
Usually elongate cluster of flowers along the main stem in which the flowers at the base open first
Panicle
Compound raceme or branched cluster of flowers