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Is the query prepared ?
Source position: sqldb.pp line 591
 public property TCustomSQLQuery.Prepared : Boolean  | 
Prepared is true if Prepare was called for this query, and an UnPrepare was not done after that (take care: several actions call UnPrepare implicitly). Initially, Prepared will be False. Calling Prepare if the query was already prepared has no effect.
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Prepare a query for execution.  | 
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Unprepare a prepared query  |