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   

Grant caeterorum Assignor Emolument
Consideration Trustee Input Tax
Statutory Instrument Commodity Code Defragmentation
Gross Estate Lump Sum Distribution Write-off
Litigation Company Car Paanga
Cloud computing Work Permit Management buyout
Price gouging Yuan Out of Pocket
Overgeared Closed Economy Oblique intent
Residual Input Tax N323 Civil Court form Deductible VAT
N379 Civil Court form Call Back Pay N266 Civil Court form
Copyright Tribunal Adjournment Service mark
Yankee market Baseline Security Adware
Gross Weight Executrices MasterCard

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 © 2004-2020 Scopulus Limited. All rights reserved.