If an external symbol of the COMMON-LISP package is not globally defined as a standardized dynamic variable or constant variable, it is allowed to lexically bind it and to declare the type of that binding, and it is allowed to locally establish it as a symbol macro (e.g., with symbol-macrolet).
Unless explicitly specified otherwise, if an external symbol of the COMMON-LISP package is globally defined as a standardized dynamic variable, it is permitted to bind or assign that dynamic variable provided that the "Value Type" constraints on the dynamic variable are maintained, and that the new value of the variable is consistent with the stated purpose of the variable.
If an external symbol of the COMMON-LISP package is not defined as a standardized function, macro, or special operator, it is allowed to lexically bind it as a function (e.g., with flet), to declare the ftype of that binding, and (in implementations which provide the ability to do so) to trace that binding.
If an external symbol of the COMMON-LISP package is not defined as a standardized function, macro, or special operator, it is allowed to lexically bind it as a macro (e.g., with macrolet).
If an external symbol of the COMMON-LISP package is not defined as a standardized function, macro, or special operator, it is allowed to lexically bind its setf function name as a function, and to declare the ftype of that binding.
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