Difference between version and release

Hi all,
can anybody tell me the difference between release and version of SAP. Where can i check whic version I am using and which release is it. whats the importance of release and version.
When i goto utilities, and then version management i see SAP Rel 620, version 46C. CAn anyone pls give me some insight on this...Thanks a lot..waiting for reply...

Hi,
Version is specific to SAP System : For Eg: SAP R/3 4.6c, SAP ECC 6.0 etc...(Component Version)
With in SAP System, You will have many Software Components: and each of them will have specific releases...
For Eg: ECC 6.0 can have many softeare componets such as:
IS-U : Utility compnent
FICA : FI related compontns.
SAP_APPL : ABAP compontns
SAP_BASIS : BASIS components...
Reward if useful
Regards
Shiva

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