Configure Term Sets
One of the core functions of any effective content management system is to provide a centralized list of values that can be used as the source for metadata properties. This is particularly important in scenarios where the system is used for compliance purposes such as meeting the requirements of the Sarbanes-Oxley act and the Health Insurance Portability and Accountability Act (HIPAA). In SharePoint 2010, the Managed Metadata Service introduces the term set, which is a managed list of values stored in a central location in the farm, and which can be used to create columns that use the same sets of values.
The term set supports a hierarchical model of related terms—terms can have child terms and grandchild terms, creating a ...
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