The Master database holds information for all databases located on the SQL Server instance and is the glue that holds the engine together. Because SQL Server cannot start without a functioning master database, you must administer this database with care.
The msdb database stores information regarding database backups, SQL Agent information, DTS packages, SQL Server jobs, and some replication information such as for log shipping.
The tempdb holds temporary objects such as global and local temporary tables and stored procedures.
The model is essentially a template database used in the creation of any new user database created in the instance.