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See Global Assembly Cache
A central repository used by the .NET Framework for storing public managed components. The GAC contains only components with strong names, ensuring the integrity of the cache. In addition, the GAC can hold multiple versions of the same component, which ensures that applications can access the version of a component that they need, rather than the single version accessible to all applications.
A 128-bit number used to identify a Component Object Model (COM) object within the Windows registry. The GUID is used to find the object definition
and allow applications to create instances of that object. GUIDs can include any kind of object, even nonvisual elements. In addition, some types of complex objects are actually aggregates of simple objects. For example, an object that implements a property page will normally have a minimum of two GUIDs: one for the property page and another for the object itself.
See Globally Unique Identifier
Global XML Architecture
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