Pallet
Part of speech: noun
Definition: a portable platform, usually designed to be easily moved by a forklift, on which goods can be stacked, for transport or storage. A flat base for combining stores or carrying a single item to form a unit load for handling, transportation, and storage by materials handling equipment. (DOD only)463L pallet – An 88” x 108” aluminum flat base used to facilitate the upload and download of aircraft. A straw bed. (By extension from above) A makeshift bed. A narrow vertical strip.
Palette
Part of speech: noun
Definition: A thin board on which a painter lays and mixes colours.The range of colors in a given work or item or body of work.A visual selection of colours, tools, commands, etc.
Example sentence: In the '70s, in Britain, if you were going to do serious photography, you were obliged to work in black-and-white. Color was the palette of commercial photography and snapshot photography.