This article is an updated and modified version of a Spanish article published in MonTi 6 (cf. Tarp 2014a). It deals with specialised translation dictionaries. Based on the principles of the function theory, it analyses the different phases and sub-phases of the translation process from a lexicographical perspective and shows that a translation dictionary should be much more than a mere bilingual dictionary if it really pretends to meet its users’ complex needs. Thereafter, it presents a global concept of a translation dictionary which includes various mono- and bilingual components in both language directions. Finally, the article discusses, by means of two concrete online projects, how this concept can be applied on the Internet in order to develop high-quality translation dictionaries with quick access to data that are still more adapted to the needs of each translator.