1.

Master-Detail field can be created only on Custom Objects

2. Master-Detail field is created only on the object which doesnt have

any records in it

3. Object in which we have created master-Detail field that object we call

as Detail object | Child object

4. Object to whose records master-detail field is referring that object

we call it as master object/ Parent Object

5. Object in which master-detail field is created in that object owner

will not be available

6.Who ever is the owner master record he will be the owner of corresponding
child record

7.If we delete the master record corresponding child records are also deleted.

8.The child records which are deleted due to the deletion of its master record
will not move to recylebin but when we undelte the master record
corresponding child records are also undeleted

9.Maximum we can have two master-detail fields on any object

10.Child object can be parent to any other object upto three levels

11.If any object has two master -detail fields on it .It cannot be master to any
other object

12.Maximum we can have 2^3 master on objects indirectly

13.Sharing setting will specify which users in the organization can perform
create |Edit |Delete operation on the corresponding child records

14.Allow Reparenting : If you enable this option we change the parent record id
in master detail

15.When we delete a master-detail field and undelte the field it becomes lookup