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.

Synonyms
- Significance
- Importance
- Relevance