What does it mean by managed code?

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What does it mean by managed code?

By managed code, it means that the complete life cycle and execution is managed by the .NET Common Language Runtime (CLR). The .NET CLR manages the memory on behalf of the managed code, performs garbage collection on the managed heap, perform assembly validation and assembly (component) resolution on behalf of the program. The CLR also maintains the security constraints applied to the managed code.

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