Microsoft c++ runtime library

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The C++ Standard Library provides an extensible framework, and contains components for: language support, diagnostics, general utilities, strings, locales, containers, iterators, algorithms, numerics, and input/output.

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That's a common meaning of those words, i haven't ever seen another definition of it, and C++ itself defines it as this: The C++ Standard Library and C Standard Library are the libraries that the C++ and C Standard define that is provided to C++ and C programs to use.