[java] Meaning of ${project.basedir} in pom.xml

${project.basedir} is the root directory of your project.

${project.build.directory} is equivalent to ${project.basedir}/target

as it is defined here: https://github.com/apache/maven/blob/trunk/maven-model-builder/src/main/resources/org/apache/maven/model/pom-4.0.0.xml#L53

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