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ORACLE_HOME specifies the (home) directory where Oracle products are installed. This directory is exactly one level below ORACLE_BASE.
On Unix, there is usually an environment variable $ORACLE_HOME whose value points to the ORACLE_HOME.
On Windows, the value for ORACLE_HOME is usually stored in the registry.
Name of ORACLE_HOME
Apparently, an ORACLE_HOME has a name, see ORACLE_HOME_NAME.