Vocabulary Entry

materiality

|noun • adjective

noun

The quality or state of being material, particularly in philosophy and the context of accounting or law.

Example Sentences

"The lawyer emphasized the importance of materiality in the case."

"In financial reporting, the concept of materiality helps determine which information must be disclosed."

"Materiality can affect how decisions are made in both business and legal contexts."

adjective

Example Sentences

"The accountant noted that the discrepancies were not material to the overall report."

"She raised material concerns about the project's budget."

"In order for evidence to be admissible, it must be material to the case."