Etymology
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horse (n.)

"solidungulate perissodactyl mammal of the family Equidæ and genus Equus" [Century Dictionary], Old English hors "horse," from Proto-Germanic *harss- (source also of Old Norse hross, Old Frisian, Old Saxon hors, Middle Dutch ors, Dutch ros, Old High German hros, German Roß "horse"), of unknown origin. By some, connected to PIE root *kers- "to run," source of Latin currere "to run." Boutkan prefers the theory that it is a loan-word from an Iranian language (Sarmatian) also borrowed into Uralic (compare Finnish varsa "foal"),

The usual Indo-European word is represented by Old English eoh, Greek hippos, Latin equus, from PIE root *ekwo-. Another Germanic "horse" word is Old English vicg, from Proto-Germanic *wegja- (source also of Old Frisian wegk-, Old Saxon wigg, Old Norse vigg), which is of uncertain origin. In many other languages, as in English, this root has been lost in favor of synonyms, probably via superstitious taboo on uttering the name of an animal so important in Indo-European religion. For the Romanic words (French cheval, Spanish caballo) see cavalier (n.); for Dutch paard, German Pferd, see palfrey; for Swedish häst, Danish hest see henchman. As plural Old English had collective singular horse as well as horses, in Middle English also sometimes horsen, but horses has been the usual plural since 17c.

Used at least since late 14c. of various devices or appliances which suggest a horse (as in sawhorse), typically in reference to being "that upon which something is mounted." For sense of "large, coarse," see horseradish. Slang use for "heroin" is attested by 1950. To ride a horse that was foaled of an acorn (1670s) was through early 19c. a way to say "be hanged from the gallows." Horse latitudes first attested 1777, the name of unknown origin, despite much speculation. Horse-pistol, "large one-handed pistol used by horseback riders," is by 1704. A dead horse as a figure for something that has ceased to be useful is from 1630s; to flog a dead horse "attempt to revive interest in a worn-out topic" is from 1864.

HORSEGODMOTHER, a large masculine wench; one whom it is difficult to rank among the purest and gentlest portion of the community. [John Trotter Brockett, "A Glossary of North Country Words," 1829]

The term itself is attested from 1560s. The horse's mouth as a source of reliable information is from 1921, perhaps originally of racetrack tips, from the fact that a horse's age can be determined accurately by looking at its teeth. To swap horses while crossing the river (a bad idea) is from the American Civil War and appears to have been originally one of Abe Lincoln's stories. Horse-and-buggy meaning "old-fashioned" is recorded from 1926 slang, originally in reference to a "young lady out of date, with long hair." To hold (one's) horses "restrain one's enthusiasm, be patient" is from 1842, American English; the notion is of keeping a tight grip on the reins.

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master (n.)
Origin and meaning of master

late Old English mægester "a man having control or authority over a place; a teacher or tutor of children," from Latin magister (n.) "chief, head, director, teacher" (source of Old French maistre, French maître, Spanish and Italian maestro, Portuguese mestre, Dutch meester, German Meister), contrastive adjective ("he who is greater") from magis (adv.) "more," from PIE *mag-yos-, comparative of root *meg- "great." The form was influenced in Middle English by Old French cognate maistre.

From late 12c. as "man eminently or perfectly skilled in something," also "one who is chief teacher of another (in religion, philosophy, etc.), religious instructor, spiritual guide." Sense of "master workman or craftsman, workman who is qualified to teach apprentices and carry on a trade on his own account" is from c. 1300. The meaning "one charged with the care, direction, oversight, and control of some office, business, etc." is from mid-13c.; specifically as "official custodian of certain animals kept for sport" early 15c. (maister of þe herte houndes; the phrase master of the hounds is attested by 1708). As a title of the head or presiding officer of an institution, late 14c.; as "captain of a merchant vessel" early 14c.

In the broadest sense, "one who has power to control, use, or dispose (of something or some quality) at will," from mid-14c. Also from mid-14c. as "one who employs another or others in his service" (in which sense the correlative word was servant, man, or apprentice); also "owner of a living creature" (a dog, a horse, also, in ancient contexts a slave); paired with slave in the legal language of the American colonies by 1705 in Virginia.

In academic sense "one who has received a specific degree" (translating Medieval Latin magister) it is attested from mid-13c., originally "one who has received a degree conveying authority to teach in the universities;" master's degree, originally a degree giving one authority to teach in a university, is from late 14c.

Also used in Middle English of dominant women. From 1530s as "male head of a household." As a title or term of respect or rank, mid-14c. As a title prefixed to the name of a young gentleman or boy of the better class not old enough to be called Mr., short for young master (late 16c.). Sense of "chess player of the highest class at national or international level" is by 1894. Meaning "original of a recording" is by 1904.

As an adjective from late 12c. Master-key, one that will open ("master") a number of locks so differently constructed that the key proper to each will open none of the others" is from 1570s. Master race "race of people considered to be pre-eminent in greatness or power" (typical in reference to Nazi theories of the Aryan race, perhaps based on German Herrenvolk) is by 1935. From 1530 as "artist of distinguished skill;" old masters is attested by 1733.

Master bedroom, "bedroom designed for the use of the owner of the property," as opposed to bedrooms for children or guests, is by 1919 in U.S. home-builders publications (e.g. Building Age, April 1919).  It seems to be based on the English master's bedroom (by 1903) "bedroom of a headmaster or other master at an English boarding school or other similar institution."

The top floor was treated much the same as the two lower ones. Here the closet was made just a bit larger so as to allow for a bathtub, thus pushing the partition forward, making the front room less deep than the rooms below, yet paradoxically larger, because it takes in the whole front of the house. This is what is known in English advertisements as the "Master's bedroom." [The House Beautiful, June 1921] 
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