Difference between static and read only?

Okay that clarifies the situation.

Hello Sam

i have not said that static can not be initilized on runtime.Sam you are understanding wrong, perhaps because of my wording (Sorry..)
see this-  A read only member is like a constant in that it represents an
unchanging value and than i say The difference is that a readonly member can be initialized at runtime( this difference is respect of Constant not static).
you have already describe exact difference between both, and i think it is enough but i try to expalin both things individually. i try to explain 'Readonly' in the respect of Constant.
 
thanks

Hirendra, are you sure that a static cannot be initialized at runtime?

A read only member is like a constant in that it represents an unchanging value. The difference is that a readonly member can be initialized at runtime.
Static member can be accessed without creating an instance of the class. Only one copy of static fields and events exists, and static methods and properties can only access static fields and static events. Static modifier can be used with classes, fields, methods, properties, operators, events and constructors, but cannot be used with indexers, destructors, or types other than classes.
 
thanks
 
Please mark as answer if it helps