What is codePool in Magento?

codePool is a tag which you have to specify when registering new module in app/etc/modules/Company_Module.xml
There are 3 codePools in Magento: core, community and local, which are resided at app/code/ directory.
 
Code pool is a tag which you have to specify when registering new module in app/etc/modules/Company_Modules.xml
There are 3 code pools in Magento: core,community and local..
 
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