Define Bug Leakage and Bug Release?

Bug leakage is defined as the bug not found by the testing team but found by the end users. Bug release it is defined when the software is released by the tester in the market knowing that bug is present in the release. These types of bugs have low priority and severity. This type of situation arises when customers want the software on time than the delay in getting the software and the cost involved in correcting the bugs.