Difference between Hashing a Password and Encrypting it

Question

The current top-voted to this question states:

Another one that\'s not so much a security issue, although it is security-related, is complete and abje

Answer 1

Here's one reason you may want to use one over the other - password retrieval.

If you only store a hash of a user's password, you can't offer a 'forgotten password' feature.