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PostgreSQL documentation
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For schemas, allows access to objects contained in the specified
schema (assuming that the objects' own privilege requirements are
also met). Essentially this allows the grantee to <quote>look up</>
- objects within the schema.
+ objects within the schema. Without this permission, it is still
+ possible to see the object names by querying the system tables, but
+ they cannot be accessed via SQL.
</para>
<para>
For sequences, this privilege allows the use of the