Web Reference: The DBMS_SQL.BIND_VARIABLE procedure is part of the DBMS_SQL package, which provides an interface for using dynamic SQL. This procedure binds a variable to a placeholder in a SQL statement or a PL/SQL block that is being dynamically constructed. SQL and PL/SQL statements may contain bind variables, indicated by colon-prefixed identifiers. These parameters indicate where separately specified values are substituted in a statement when executed, or where values are to be returned after execution. Your first example presents the correct way to bind the return value to a variable.
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Oracle Database 12c/19c: PL/SQL - 06. Examining bind variables
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PL/SQL tutorial Bind Variable in PL/SQL By Nayabsoft
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04 05 Using Bind Variables in Applications
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SQL Joins: What is a Bind Parameter?
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