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It can be said that Pipeline (or Build, or Build Pipeline) represents CI (continuous integration) in Azure DevOps. Release represents CD(continuous delivery) in Azure DevOps. Pipeline usually takes code, builds it, tests and creates an artifact. Release takes the artifact and releases/deploys it.
A Build Pipeline is used to generate Artifacts out of Source Code. A Release Pipeline consumes the Artifacts and conducts follow-up actions within a multi-staging system. It is best practice to establish a link between a Build Pipeline and the corresponding Release Pipeline.
What is a Pipeline Easement? Generally, an easement is a legal interest that allows someone the right to use another's property for a certain purpose. A pipeline easement specifically gives the easement holder the right to build and maintain a pipeline on a landowner's property.