Two words used as synonyms in everyday speech — and two quite different things in the laboratory.
Most people believe accuracy and precision mean the same thing. But the two concepts are quite different.
The precision of an experiment is a measure of the reproducibility of it for multiple measurements. It is usually described by the standard deviation, standard error, or confidence interval.
The accuracy of an experiment is a measure of how closely the experimental results agree with the true value. Determining the accuracy of a measurement requires calibration of the method against a known standard.
In presence of a systematic error a measurement can be precise, but not accurate.
All four combinations are possible, and it is worth having them in mind together:
Adapted from P. R. Bevington & D. K. Robinson, Data Reduction and Error Analysis for the Physical Sciences, McGraw-Hill. Figures redrawn as vector graphics from the original NEMEX note.