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OLE is an abbreviation of Object Linking and Embedding, pronounced as separate letters or as oh-leh. OLE is a compound document standard developed by the Microsoft Corporation. It enables you to create objects with one application and then link or embed them in a second application. Embedded objects retain their original format and links to the application that created them.

Support for OLE is built into the Windows and Macintosh operating systems. A competing compound document standard developed jointly by IBM, Apple Computer, and other computer firms is called OpenDoc.

Source: https://www.webopedia.com/

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