Party Data

n.

Pronunciation

/ˈpɑrti ˈdeɪtə/

Definition

1. A description of where the facts come from: First-party data belongs to the person using it. Second party data is someone else’s first party data handed over to the user, and third-party data is collected by someone with no relation to the user and sold to them.

2. In the context of Party Data Management, a type of master data dealing with customers or legal entities, such as and attorney or the husband of a customer.

Category

Metadata

Related Terms

Master Data Management

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