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Refining my understanding of words

Let's say I want to so something with the month, day, and year parts of a date.
In the sample below, in case 1, I obtain those parts by using the "now" function three times. That could involve three calls to the operating system, which might have a bit of overhead.
In case 2, if this were a non-REBOL language, TODAYS-DATE would be a "variable" and would "contains" the result of the "now" function, and references to TODAYS-DATE/MM2, DD2, and YY2 would NOT involve calls to the operating system, and only the line that loaded TODAYS-DATE would call the operating system.
BUT, in REBOL where words refer to values, do the three lines that refer to TODAYS-DATE STILL call the "now" function three times because TODAYS-DATE only REFERS to "now," and the "now" function must be executed every time I use the word TODAYS-DATE? Or does case 2 operate like I hope it does, where the "now" function is executed only once?
R E B O L [
     Title: "Test harness"
;; Case 1
MM1: now/month
DD1: now/day
YY1: now/year
print [MM1 "/" DD1 "/" YY1]
;; Case 2
print [MM2 "/" DD2 "/" YY2]

posted by:   Steven White     15-Sep-2017/15:59:39-7:00

It's a theory you could test by introducing a delay via WAIT and seeing whether it affected the times...
When the evaluator sees a WORD! that is bound to a FUNCTION!...and this word is not in a "quoted slot"...the function will be called.
When the evaluator sees a SET-WORD!, it will evaluate the expression on its right and then store the value into the bound location of that SET-WORD!.
NOW is a FUNCTION!. `TODAYS-DATE: now` stores the result of calling the NOW function into the TODAYS-DATE variable.
If the result of NOW was itself a FUNCTION!, then TODAYS-DATE would then be a function...and you'd wind up calling it when you mentioned it as a word or path. But NOW returns a DATE!, and it is captured at a moment in time and then you are extracting the properties of that one capture--as you hope.

posted by:   Fork     15-Sep-2017/17:34:23-7:00

x: now/precise         ; the same value going forward
y: does [now/precise] ; a different value each time
print reduce [x y wait 1 x y]

posted by:   Nick     15-Sep-2017/20:46:13-7:00

Steven White,
     todays-date: :now
Is what you thought I guess.

posted by:   Endo     8-Oct-2017/8:54:42-7:00

Endo, of course, don't know why I didn't think to clarify that. To be clear:
x: now     ; the same value going forward
y: :now     ; a different value each time

posted by:   Nick     8-Oct-2017/9:13:41-7:00