The following are the top three metadata terms in SharePoint:
- Taxonomy: Formal classification system that groups words, labels, and terms which describe something, and then arranges the groups into a hierarchy.
- Folksonomy: Informal classification system which evolves gradually as web site users collaborate on words, labels, and terms on a site.
- Term Set: Group of related terms. Term sets can have different scopes, depending on where one creates the term set.
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