Business Terms and Jargon Explained

What is Materiality

If something is material then it means something and has an impact. If something is immaterial then it is said to be insignificant. This term is used in the accounting and legal arena.

If a multi million pound company forgot to include in its accounts a receipt for 5 then it would not be seem as making the final accounts not a true and fair statement. It can just include it in the next year. It does not matter.

If a person who is accused of stealing has been seen on camera somewhere else at the time the crime was committed then it would be material to the case.

<- Go Back
Business Terms Home page

Search Jargon and Terms Database

A   B   C   D   E   F   G   H   I   J   K   L   M   N   O   P   Q   R   S   T   U   V   W   X   Y   Z


Search Term   

EDIFACT Inflation Berne Convention
Trade Debtors Womb to Tomb Appreciation
Defragmentation Balancing Charge Aggregate Demand
Cartel Residential property European Patent Office
Break up value Common Position - EU Sucre
Sub silentio Abbreviated Accounts Oblique intent
Freight Forwarder Closed Economy Rufiyaa
Taka PaaS N213 Civil Court form
Consumer Above-board Voidable
Ademption Accruals Basis Zero Growth
Administration order Sanction adeem
Outsourcing CPC Warranty liability
Moving forward Subscription Right Krone

Term created / updated 2009-09-29 12:33:27

Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms and jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.

Copyright © 2004-2021 Scopulus Limited. All rights reserved.