read-only and read/write access?

I am little confuse about read-only and read/write access record in sharing rules?

what these statements(read-only and read/write) exactly tells.

regards

March 14, 2013
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venkateshyadav1243
HI
These is the difference between read only and read write.

Read Only :

All users can view and report on records but not edit them. Only the owner, and users above that role in the hierarchy, can edit those records.

For example, Sara is the owner of ABC Corp. Sara is also in the role Western Sales, reporting to Carol, who is in the role of VP of Western Region Sales. Sara and Carol have full read/write access to ABC Corp. Tom (another Western Sales Rep) can also view and report on ABC Corp, but cannot edit it.

Read/Write All users can view, edit, and report on all records.

For example, if Tom is the owner of Trident Inc., all other users can view, edit, and report on the Trident account. However, only Tom can alter the sharing settings or delete the Trident account.

for more acceress permission please see these link
http://login.salesforce.com/help/doc/en/sharing_model_fields.htm

Reagrds
venkatesh

March 15, 2013
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Gupta.Vishal
Hi ,
In simple term read-only permission will only allow you to "see" the records but you can not perform any action (edit , delete)
while
with read/write you can perform any action you want

Thanks ,