Build and Release

Compiled application is called build.
Software build is a process of creating single executable 
file from different software components.

Normally in software Development:

Development will be shared by team members.
Each team member will develop one module or part of the 
module.

These moduled need to be integrated and compiled in to 
single system or executable file.

Making of this Build file may happen for several times
untill the complete software made.

Release:
Build file and releasing to Testing team or client is 
called Release.

This release may be internal release  to company or
external release to client.

Finally  build is compiled software
Release is process of delivary.

ok friends

Still if u have any doubts don't hesitate to call me
byee

Rajendra Prasad Reddy Penumalli
My mobile number:9885162742
Hydererabad
India

According to the client requirements the development team 
prepare the software and send to the testing department.
the software is called the 'build' and the process of 
sending the build from development department to testing 
department is called the 'release'.