Business Glossary-Term List

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 and information assets must be confined to authorized access and not be disclosed to others who do not have a need to know. Exact criteria for criticality is to be determined by each organization

Term Source: Data Governance & Management CoP (DGM)

Term Type: Process

Focus Area: #DGMFitForPurpose, #MBAGlossary

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

Non Personally Identifiable Data used for research or under evaluation for use in the organization.

Term Source: Data Governance & Management CoP (DGM)

Term Type: Process

Focus Area: #DGMFitForPurpose

A framework of accounting standards, rules and procedures defined by the professional accounting industry, which has been adopted by nearly all publicly traded U.S. companies.

Term Source: Data Governance & Management CoP (DGM)

Term Type: Other

Focus Area: #DGMFitForPurpose, #MBAGlossary

Federal legislation which requires certain types of lenders to compile and disclose data on where their mortgage and home improvement loans are being made.

Term Source: MBA Glossary

Term Type: Document

Focus Area: #DGMFitForPurpose, #MBAGlossary, #MISMOApprovedAcronym

The practice of identifying the sensitivity of information considering the risk and impact of the information being accessed, disclosed, modified, used or destroyed without proper authorization and the potential harm resulting from such unauthorized access, disclosure, modification, use or destruction.

Term Source: Data Governance & Management CoP (DGM)

Term Type: Process

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

An experiment or pilot project, which demonstrates the feasibility of a design concept, business proposal, etc.

Term Source: Data Governance & Management CoP (DGM)

Term Type: Process

Focus Area: #DGMFitForPurpose

Time by which services must be resumed to business-critical activities and/or their dependencies and any relevant data recovered and restored.

Term Source: Data Governance & Management CoP (DGM)

Term Type: Process

Focus Area: #DGMFitForPurpose

On July 30, 2002, President Bush signed into law the Sarbanes-Oxley Act of 2002, which he characterized as ""the most far reaching reforms of American business practices since the time of Franklin Delano Roosevelt."" The Act mandated a number of reforms to enhance corporate responsibility, enhance financial disclosures and combat corporate and accounting fraud, and created the ""Public Company Accounting Oversight Board,"" also known as the PCAOB, to oversee the activities of the auditing profession.

Term Source: Data Governance & Management CoP (DGM)

Term Type: Other

Focus Area: #DGMFitForPurpose

The Uniform Closing Dataset (UCD) is a common industry dataset that allows information on the Consumer Financial Protection Bureau�s (CFPB�s) Closing Disclosure to be communicated electronically. It was developed by Freddie Mac and Fannie Mae (the GSEs) at the direction of the Federal Housing Finance Agency (FHFA).

Term Source: Data Governance & Management CoP (DGM)

Term Type: Other

Focus Area: #DGMFitForPurpose

The Uniform Loan Delivery Dataset (ULDD) is a data format governing loan data delivery and is part of an effort to improve loan quality referred to as the Uniform Mortgage Data Program (UMDP) mandated by the GSEs' regulator, the Federal Home Finance Agency (FHFA).

Term Source: Data Governance & Management CoP (DGM)

Term Type: Other

Focus Area: #DGMFitForPurpose