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A vulnerability is a flaw in a system, or part of the system, that could provide an attacker with a way to bypass the security infrastructure of the host operating system ... See More
vulnerability=security loophole in a system exploit=hacking a system using a vulnerability
A vulenerabitlity is a threat in a network / application which can breach the security for an attacker while exploit is that attack which is generated / created due to th ... See More
Vulnerability is a flaw in a system, or in some software in a system. But Exploiting is the act of trying to turn a Vulnerability into an actual way to breach a system.