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Format: This setting defines how the data will be stored:
Code-Name: The property will be have a pre-determined set of code-name value pairs. (Such a FT - Full Time and PT - Part Time)
Date: Values are in a date format (MM/DD/YYYY).
Number: Values are whole numbers up to 10 digits (-9,999,999,999 to 9,999,999,999).
Text: Values are text up to 255 characters.
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