Validating (a.k.a. verifying)
Here's a little off-topic excursion regarding these words,
explaining why I brought this issue up....
In software testing community those mean different things
(verified means that the software runs without
apparent bugs, valid that it does what reads in the specs).
Somehow I got it in my head that verification in Bitcoin means checking that the
construction of the transaction is formally correct (has min txfees, no two
coinbases etc) whereas validation means checking that the inputs have
been unspent and evaluating the script. But it appears that there is no
such distinction in the documentation, and validation indeed is the same
as verification. Still I think it would be useful to assign different meanings
to these terms.