what is procedure in sql

IF OBJECT_ID ( 'Production.uspGetList', 'P' ) IS NOT NULL   
    DROP PROCEDURE Production.uspGetList;  
GO  
CREATE PROCEDURE Production.uspGetList @Product varchar(40)   
    , @MaxPrice money   
    , @ComparePrice money OUTPUT  
    , @ListPrice money OUT  
AS  
    SET NOCOUNT ON;  
    SELECT p.[Name] AS Product, p.ListPrice AS 'List Price'  
    FROM Production.Product AS p  
    JOIN Production.ProductSubcategory AS s   
      ON p.ProductSubcategoryID = s.ProductSubcategoryID  
    WHERE s.[Name] LIKE @Product AND p.ListPrice < @MaxPrice;  
-- Populate the output variable @ListPprice.  
SET @ListPrice = (SELECT MAX(p.ListPrice)  
        FROM Production.Product AS p  
        JOIN  Production.ProductSubcategory AS s   
          ON p.ProductSubcategoryID = s.ProductSubcategoryID  
        WHERE s.[Name] LIKE @Product AND p.ListPrice < @MaxPrice);  
-- Populate the output variable @compareprice.  
SET @ComparePrice = @MaxPrice;  
GO