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Definition of master data

Entities that describe the parties, locations, products, and activities that are referenced by entities that document and record economic, resource flow, and accounting events.

Computer Science

Other definitions of master data

The critical data of a business, such as customer, product, location, employee, and asset. Master data fall generally into four groupings: people, things, places, and concepts and can be further categorized. For example, within people, there are customer, employee, and salesperson. Within things, there are product, part, store, and asset. Within concepts, there are things like contract, warrantee, and licenses. Finally, within places, there are office locations and geographic divisions.

Computer Science