In a previous paper we have established the theory of transfinite redu
ction for orthogonal term rewriting systems. In this paper we perform
the same task for the lambda calculus. From the viewpoint of infinitar
y rewriting, the Bohm model of the lambda calculus can be seen as an i
nfinitary term model. In contrast to term rewriting, there are several
different possible notions of infinite term, which give rise to diffe
rent Bohm-like models, which embody different notions of lazy or eager
computation.