1. Reference data is a special subset of master data that’s used for classification throughout your entire organization: postal codes, cost centers, financial hierarchies or countries. Whether the data is externally mandated or internally authored it’s unambiguous and non-negotiable.
2. Reference data are data that define the set of permissible values to be used by other data fields. Reference data gain in value when they are widely re-used and widely referenced.
http://www.orchestranetworks.com/rdm/ (1.); https://en.wikipedia.org/wiki/Reference_data (2.)
Author: Tim Röder