Enty's Business Glossary:

Residence Permit

Residence permit is a document being used in some countries that gives a foreigner the right to reside in the country for a certain period of time or permanently. Note, that it’s not citizenship and you won’t get a passport — it means that with a residency permit a foreigner has limited rights compared to a citizen. Certain requirements, duration, and other conditions vary highly between countries.
Residence Permit
Residence permit is a document being used in some countries that gives a foreigner the right to reside in the country for a certain period of time or permanently. Note, that it’s not citizenship and you won’t get a passport — it means that with a residency permit a foreigner has limited rights compared to a citizen. Certain requirements, duration, and other conditions vary highly between countries.