Definition, Meaning & Synonyms

materiality

noun

/məˌtɪəriˈæləti/

Definition

The quality of being relevant and significant to a matter or situation.

Examples

The materiality of the evidence was questioned during the trial.
In accounting, the concept of materiality helps determine what information should be disclosed to shareholders.

Meaning

Materiality refers to how important or significant something is in relation to a specific context, especially in legal, accounting, or business frameworks.