Local (earlier it was Per-Action) — stores objects in a file that is associated with one specific action, so that only that action can access the stored objects.
Additional Reading
Understanding object repositories in QTP 9.x series
by Editorial Staff | Last Updated On Mar 21, 2014 | Definitions | 0 comments
Local (earlier it was Per-Action) — stores objects in a file that is associated with one specific action, so that only that action can access the stored objects.
Understanding object repositories in QTP 9.x series