Difference between Verification and Validation

Verification	Validation
Verification is process of ensuring that the product is being build according to the requirement and design specification	"Validation is a process of ensuring that the product is built according to the user need and business requirement"
Verification is "Are we building the product right?"	Validation is "Are we building the right product"
Verification is done before the development phase	Validation is performed after the development phase