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What is the difference between check point and output value.

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Check point is a verification point that compares a current value for a specified property with the expected value for that property. Based on this comparison, it will generate a PASS or FAIL status. 

An output value is a value captured during the test run and can be stored in a specified location like the  Datable or even a variable. Unlike Checkpoints, no PASS/FAIL status is generated.

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