difference between an interface and an abstract class

What's the difference between an interface and an abstract class? Also discuss the similarities. (Very Important)
Abstract class is a class which contain one or more abstract methods, which has to be implemented by sub classes. Interface is a Java Object containing method declaration and doesn't contain implementation. The classes which have implementing the Interfaces must provide the method definition for all the methods
Abstract class is a Class prefix with a abstract keyword followed by Class definition. Interface is a Interface which starts with interface keyword.
Abstract class contains one or more abstract methods. where as Interface contains all abstract methods and final declarations
Abstract classes are useful in a situation that Some general methods should be implemented and specialization behavior should be implemented by child classes. Interfaces are useful in a situation that all properties should be implemented.

Differences are as follows:
* Interfaces provide a form of multiple inheritance. A class can extend only one other class.
* Interfaces are limited to public methods and constants with no implementation. Abstract classes can have a partial implementation, protected parts, static methods, etc.
* A Class may implement several interfaces. But in case of abstract class, a class may extend only one abstract class.
* Interfaces are slow as it requires extra indirection to to find corresponding method in in the actual class. Abstract classes are fast. 

Similarities:
* Neither Abstract classes or Interface can be instantiated.


How to define an Abstract class?
A class containing abstract method is called Abstract class. An Abstract class can't be instantiated.
Example of Abstract class:

abstract class testAbstractClass { 
    protected String myString; 
    public String getMyString() { 
    return myString; 
} 
public abstract string anyAbstractFunction();
}

How to define an Interface?Answer: In Java Interface defines the methods but does not implement them. Interface can include constants. A class that implements the interfaces is bound to implement all the methods defined in Interface.
Example of Interface:

public interface sampleInterface {
    public void functionOne();
    public long CONSTANT_ONE = 1000;
}