Define slip and creep in case of belt drive.
Slip --- Slip is defined as insufficient frictional grip between pulley (driver/driven) and belt. Slip is the difference between the linear velocities of pulley (driver/driven) and belt.
Creep ----- Uneven extensions and contractions of the belt when it passes from tight side to slack side. There is relative motion between belt and pulley surface, this phenomenon is called creep of belt.