Verification Flow Details

In reply to tfitz:

Hello Tom,

Thanks a lot for you concern and reply.

Still I have one query that related to previously asked 3rd question.

As you have said above “VIP Verification” isn’t a term that is typically used, since “VIP” means “Verification Intellectual Property,”. That is fine but now a days in industry people frequently use a term “IP Verification”, What does it mean ?

One more Question is :
When we don’t have real RTL, Specification is usually given to us to develop TestBench. For example- Any master-slave protocols. At that time we develop Testbench Environment for both Master as well as Slave and verify each of their functionality and then either of the RTL and TestBench(Master RTL & Slave TestBench) we use for Verification.

Which kind of verification is it called in case of no RTL we have and verifying our Master and Slave by each other ?