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   

Cessate Grant Next of kin Take ownership
Per minas Business Class Admiralty Court
Bad debt Overtime Guarantor
Bad Debt Relief WCO WIM
Visegrad Countries Order Optimisation Affidavit
FMCG Intestate Taxing Master
Productivity Yen Alibi
Oligopoly Affiliate agreement Ombudsman
Booking Fee Net income Quality Assurance
Beneficiary CTR BRIC
Single linking agreement Bankrupt IaaS
KYC Self-Billing Exporter
Carat Derivative action Capital expenditure

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.