A cross-object formula can reference merge fields from a master (“parent”) object if an object is on the detail side of a master-detail relationship. A cross-object formula also works with lookup relationships.
https://help.salesforce.com/s/articleView?id=sf.customize_cross_object.htm&type=5
https://trailhead.salesforce.com/content/learn/projects/improve-data-quality-for-a-recruiting-app/create-cross-object-formulas
=> These formulas get data from related parent objects to display on the child object.
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