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Content Type Hub (CTH) SharePoint 2013

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What is a Content Type? According to Microsoft, A content type is a reusable collection of metadata (columns), workflow, behavior, and other settings for a category of items or documents in a Microsoft SharePoint Foundation 2010 list or document library. Content types enable you to manage the settings for a category of information in a centralized, reusable way. Example: * Imagine a business situation in which you have three different types of documents: expense reports, purchase orders, and invoices. * All three types of documents have some characteristics in common; for one thing, they are all financial documents and contain data with values in currency. Yet each type of document has its own data requirements, its own document template, and its own workflow. * One solution to this business problem is to create four content types. * The first content type, Financial Document, could encapsulate data requirements that are common to all financial documents in the organization.