I would guess that there is a piece of code called version.bcp. Wherever you see {&version} in the code, it will be substituted with {version.bcp}. Global Define is a compile time argument. Look it up in keyword help.
I work for BCP and can tell you that it defines the version of BCP's Accord database you're using. It is used internally within BCP to compile in functionality that is available from a certain database number, depending on which client the code is being compiled for. I'm curious as to how you got hold of our source code?...
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