Test Scripts: is used to test a particular functionality 
(business rule). It may consist of 1 or more Test Cases.

static testing: Testing of an object without execution on a
computer. (eg. review document,inspection,walk thro')
simply said static means verification.

dynamic testing: The process of evaluating a system or
component based upon its behaviour during execution
(eg. functional testing,regression testing, UAT etc.,)
means validation

Dynamic Testing involves working with the software, giving 
input values and checking if the output is as expected. 
These are the Validation activities.
Ex : Unit test, Integration test

The Verification activities fall into the category of 
Static Testing. During static testing, you have a checklist 
to check whether the work you are doing is going as per the 
set standards of the organization. These standards can be 
for Coding, Integrating and Deployment. Review's, 
Inspection's and Walkthrough's are static testing 
methodologies.