materiality

/məˌtɪriˈæləti/
noun
  1. The quality of being made of physical matter; the state of being tangible or real in the physical world.
    • The artist's work explores the materiality of clay and stone.
    • The materiality of the evidence helped the jury reach a verdict.
    • In philosophy class, we debated the materiality of the human soul.
  2. The importance or relevance of something, especially in law, accounting, or business, meaning it could affect a decision.
    • In court, the judge ruled on the materiality of the witness's statement.
    • The company disclosed the information because of its materiality to investors.
    • The accountant assessed the materiality of the error before deciding to correct it.
What does "materiality" mean? | whatsthatwordmean | whatsthatwordmean