Basic Vals and vars in kotlin language

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Kotlin has two keywords for declaring variables, val and var. The var is a mutable
variable, which is, a variable that can be changed to another value by reassigning it. This is
equivalent to declaring a variable in Java:
val name = "kotlin"
In addition, the var can be initialized later:
var name: String
name = "kotlin"

Variables defined with var can be reassigned, since they are mutable:
var name = "kotlin"
name = "more kotlin"

The keyword val is used to declare a read-only variable. This is equivalent to declaring a
final variable in Java. A val must be initialized when it is created, since it cannot be
changed later:
val name = "kotlin"
A read only variable does not mean the instance itself is automatically immutable. The
instance may still allow its member variables to be changed via functions or properties, but
the variable itself cannot change its value or be reassigned to another value.

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