Why it matters in practice
Placeholders need an unambiguous syntax, permitted destination, and matching secret binding. For HTTPS requests, substitution inside an encrypted request requires the proxy to inspect the TLS connection; an opaque tunnel does not reveal the application header or body. A placeholder is not itself a credential or encryption mechanism.
Example
A test client sends Authorization: Bearer {$SECRET_NAME} to api.example.com; the proxy resolves the marker to its bound secret without putting a live key in client code.
Educational note
This definition is general information, not legal advice. It may omit facts that matter to a specific situation and does not establish or guarantee compliance.