Spv wallets can verify but not validate?what's the difference?

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SPV wallets verify if transactions are in a block but don't validate the rules of the blockchain. Full nodes do both.

Like checking a receipt, not auditing the store! ๐Ÿงพโœ…๐Ÿšซ

How would an individual know if he/she has a balance oe received or made a transaction on spv wallets?