Business Glossary-Term List
Welcome to the MISMO Business Glossary - your online source of mortgage industry business terms and data point descriptions. Follow the links provided for Term Type; Focus Area; and Source descriptions; complete terms of authorized usage; and a more detailed description of the MISMO Business Glossary. Search tip: Use quotes for an exact search (e.g., "keyword or phrase").
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Search on:A quality or feature regarded as a characteristic or inherent part of a data element.
Term Source: Data Governance & Management CoP (DGM)
Term Type: Data
Focus Area: #DGMFitForPurpose
Data element where erroneous or unavailable data would cause negative consequences to the organization. Exact criteria for criticality is to be determined by each organization.
Term Source: Data Governance & Management CoP (DGM)
Term Type: Data
Focus Area: #DGMFitForPurpose
The timely and reliable access to and use of information or information systems.
Term Source: Data Governance & Management CoP (DGM)
Term Type: Data
Focus Area: #DGMFitForPurpose
An atomic unit of data that has precise meaning or precise semantics.
Term Source: Data Governance & Management CoP (DGM)
Term Type: Data
Focus Area: #DGMFitForPurpose
A record of the data life cycle that includes the data's origins and where it moves over time.
Term Source: Data Governance & Management CoP (DGM)
Term Type: Data
Focus Area: #DGMFitForPurpose
The degree to which data is fit for a given business process or operation.
Term Source: Data Governance & Management CoP (DGM)
Term Type: Data
Focus Area: #DGMFitForPurpose
Content that identifies, describes, explains and/or provides location details about an enterprise�s data content assets and enables the retrieval, usage, or management of these assets. 1. Business Metadata � Descriptive information providing context about the data, typically defined by the business (e.g., purpose of the data, definition of data population, business rule logic, how rules or usage has changed over time, etc.). 2. Technical Metadata � Information about an object/container of data, typically defined by IT, and used to describe the structure of systems. 3. Operational Metadata � Administrative information to help manage a resource providing context about processes involved in production, maintenance, data movement and data quality.
Term Source: Data Governance & Management CoP (DGM)
Term Type: Data, Other
Focus Area: #DGMFitForPurpose, #eMortgage
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