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Party Data
n.
Pronunciation
/ˈpɑrti ˈdeɪtə/
Acronym
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
Index
Product Information Encyclopedia
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