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What is difference between local checklist and global checklist of an action?

where to use global checks v/s local checks?

Global checklist are part of standard action template (i.e. text calculation) and whenever you add this action template in any case. System will show these global checks but if you are adding this action in a specific context, For example - in USA payroll case then you may need to add some specific check related to that demography and region. In this scenario local checks can be added…
In short - global checks are stored against templates and available for all the instances of the template and local are very specific to one single instance of the action and not shared across…