I hold two Class 4 Assault hands.Assault rifle is a term used in the industry, it's usually used when referring to select fire models to distinguish them from only full-auto machine guns. Select fire models are still technically machine guns.
Assault weapon is a legal term that refers to an incredibly broad selection of weapons that look vaguely like semi-auto variants of military weapons. The media often refers to assault weapons that are also rifles as assault rifles in short hand (I used to make this mistake too, until I was told about the manufacturing term.) This usually makes people think of full-auto weapons, upping the fear factor.
Be afraid.