What Is the Difference Between Verification and Validation

question 21

Essay

What is the difference between verification and validation?

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Definitions:

Mortgage Lender

A financial institution or individual that provides loans to borrowers for the purpose of purchasing real estate, with the property serving as collateral.

Careless Finances

The mismanagement or negligent handling of personal or corporate finances.

Moral Hazard

The risk that one party to a contract can change their behavior to the detriment of another party once the contract has been concluded.

Monitoring Solution

A system or software implemented to oversee and analyze the performance, health, or behavior of networks, applications, or environments to ensure optimal operation.