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<drive:> refers to the drive letter of the drive being formatted.
[/V[:label]] refers to the label or name given to the drive to be formatted.
[/B] is referred to as the "B" switch and is used to allocate space on the drive for insertion of system files.
[/S] is the switch used to transfer the system files to the newly formatted disk in order to enable it to be booted or started.
[/C] is the switch used to check and verify any clusters on the drive that have been previously marked as bad.
