Execute
SQL> set define off
before running your code.
SQL> select '&test' from dual;
'&TES
-----
&test
SQL>
If you want to "declare" it, then use var
:
SQL> var test varchar2(200);
SQL> exec :test := 'some value';
PL/SQL procedure successfully completed.
SQL> print test
TEST
----------------------------------------------------------------------------------------------------
some value
SQL>
In dynamic SQL: I won't lock anyone, but - I'll change my password.
SQL> connect scott/tiger
Connected.
SQL> var test varchar2(200);
SQL> exec :test := 'lion';
PL/SQL procedure successfully completed.
SQL> print test
TEST
----------------------------------------------------------------------------------------------------
lion
SQL> begin
2 execute immediate 'alter user scott identified by ' || :test;
3 end;
4 /
PL/SQL procedure successfully completed.
SQL> connect scott/tiger
ERROR:
ORA-01017: invalid username/password; logon denied
Warning: You are no longer connected to ORACLE.
SQL> connect scott/lion
Connected.
SQL>