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EGL, which stands for Enterprise Generation Language, is an open-source and object-oriented programming language designed for developing enterprise applications. EGL generates code in various target languages including JavaScript, Java, COBOL, and PHP. By defining application logic in a higher-level business context without focusing on the intricacies of different platforms or technologies, EGL helps developers create maintainable cross-platform applications by abstracting the complexities of traditional multi-language development environments.