For Update we have terms and definitions in 3 topics. The topics are Business Intelligence, Direct Marketing and Technology.

Not allowed in a data warehouse.
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To add the most current information to a mailing list.
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A new release of an existing software product. A software update usually adds relatively minor new features to a product or corrects errors (bugs) found after the program was released. Updates are generally indicated by small changes in software version numbers, such as 4.0b from 4.0. See also version number. Compare release1.To change a system or a data file to make it more current.
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