Stored procedure in the Teradata

What do you mean by the term stored procedure in the Teradata?

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Stored procedure is a group of SQL statements which form a logical unit and perform a specific task. Stored procedures are employed to encapsulate a set of operations or queries to execute on the database server. For illustration, operations on an employee database (hire, fire, promote and lookup) could be coded as the stored procedures executed by the application code. Stored procedures can be compiled and executed by various parameters and outcomes and they might encompass any combination of input, output, and input-output parameters.

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