Server Managed Document Properties are a powerful featuer which can be used to deliver content specific documents to your users. When you create an SPDD query to use when drawing data from your SharePoint site, it is possible to use Selected Document Property Values as the criteria value in the query.
The properties being referred to are 'Server Managed Document Properties', which can be setup on your SharePoint server and used to generate document content specific to the user that is generating the document itself
The object in MS Word is ActiveDocument.ContentTypeProperties .
Here are a couple of lnks to further reading on the subject: