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What is severity and priority of bug? Give some example.

Priority: concern with application from the business point of view.

It answers: How quickly we need to fix the bug? Or how soon the bug should get fixed?
Severity: concern with functionality of application. 

How much the bug is affecting the functionality of the application?

Ex.

1. High Priority and Low Severity:
If a company logo is not properly displayed on their website.

2. High Priority and High Severity:

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