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  3.1 Evaluation   3.1.2 The Evaluation Model Form Evaluation Conses as Forms Lambda Forms

A lambda form is similar to a function form, except that the function name is replaced by a lambda expression.

A lambda form is equivalent to using funcall of a lexical closure of the lambda expression on the given arguments. (In practice, some compilers are more likely to produce inline code for a lambda form than for an arbitrary named function that has been declared inline; however, such a difference is not semantic.)

For further information, see Section 3.1.3 Lambda Expressions.

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