What is the Difference Between SharePoint2010 List and Library?

List Description

The SharePoint lists are like SQL Data Tables and these List stores the same kind of content. The List contains the list fields, list properties and list columns.

The List item can have attachment (one or many) But List does not support Check in and Check out operations.

Templates - List

• Announcements
• Calendar
• Contacts
• Tasks

Library Description

The SharePoint Library is a collection of files and it stores the documents and contains Library Fields, Library Properties and  Library Columns.

Library item can associated with file.(not multiple). The Library does support Check in and Check out operations.

Templates - Library

• Document library
• Form Library
• Picture library
• slide library