What is the correct meaning of material?
noun. the substance or substances of which a thing is made or composed: Stone is a durable material. anything that serves as crude or raw matter to be used or developed: Wood pulp is the raw material from which paper is made. any constituent element.
What does material mean in legal terms?
In the context of contract law, material is a description frequently attributed to an important contractual provision or stipulation that would alter the contract performance. For example, a material breach of contract describes a court finding similar to that of lack of substantial performance of the contract.
What does material need mean?
“material needs”; “the moral and material welfare of all good citizens”- T.Roosevelt. corporeal, materialadjective. having material or physical form or substance. “that which is created is of necessity corporeal and visible and tangible” – Benjamin Jowett.
What is material example?
The definition of material refers to a physical object, as opposed to something spiritual or mental, or something that is essential and relevant. An example of material is an interest in the physical space around you. An example of material is the fabric from which something is made.
What does material mean in business?
As its root word, material, suggests, materiality is commonly defined as any attribute or factor that is relevant and substantial to the overall performance, results and viability of a business.
What does material mean in criminal law?
material. adj. relevant and significant. In a lawsuit, “material evidence” is distinguished from totally irrelevant or of such minor importance that the court will either ignore it, rule it immaterial if objected to, or not allow lengthy testimony upon such a matter.
What is a material lawsuit?
Material Litigation means litigation that, according to generally accepted accounting principles, is significant to an applicant’s or a licensee’s financial health and must be disclosed in the applicant’s or licensee’s audited financial statements, report to shareholders, or similar records. Sample 1.
What does materials mean in business?
What does material mean in finance?
Information is considered to be material when its absence would have an effect on the decisions of the users of financial statements. Items are considered to be material when they have an excessive impact on reported profits, or on individual line items within the financial statements.
What does material issue mean?
Material issue means a nontrivial defect in the solicitation or award that would prejudice the outcome of the procurement.
What is the meaning of material?
1 The matter from which a thing is or can be made. ‘Many of the males and a few of the females wear stuff that looks like leather, but most is woven animal fur or plant material of kinds I do not know.’ ‘It is formed from decomposing underground deposits of organic matter such as decaying plant material.’
What is the meaning of materiality?
(2) : of or relating to the subject matter of reasoning especially : empirical material knowledge. 2 : having real importance or great consequences facts material to the investigation. 3a : being of a physical or worldly nature a grossly material form of love.
What is the meaning of material needs?
“material needs”; “the moral and material welfare of all good citizens”- T.Roosevelt. corporeal, material adjective. having material or physical form or substance “that which is created is of necessity corporeal and visible and tangible” – Benjamin Jowett. substantial, real, material adjective
What is materials science and why is it important?
Materials science is a part of engineering that involves discovering and designing new materials and analyzing their properties and structure. That knowledge is then used for design choices, since different materials have different advantages and disadvantages.