Java Exceptions inherit their getMessage and getLocalizedMessage methods from Throwable (see the related link). The difference is that subclasses should override getLocalizedMessage to provide a locale-specific message.
For example, imaging that you're adapting code from an American-English speaking company/group to a British-English group. You may want to create custom Exception classes which override the getLocalizedMessage to correct spelling and grammer to what the users and developers who will be using your code might expect. This can also be used for actual translations of Exception messages.
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Error occurs at runtime and cannot be recovered, Outofmemory is one such example. Exceptions on the other hand are due conditions which the application encounters, that can be recovered such as FileNotFound exception or IO exceptions
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