material

(redirected from Semi-finished material)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.

Material

1. Describing information that is or may be relevant for a firm's operations. For example, if a VCR company is experiencing a dearth of demand because most of its potential customers are buying DVD players, this is material information that will likely need to be disclosed to shareholders. See also: Immaterial.

2. Raw substances that a company uses to make its product. For example, an oil refinery's material is crude oil, which it makes into refined oil.

material

Of sufficient importance or relevance as to have possible significant influence on an outcome. For example, the possibility that a firm might lose its right to operate a number of television stations because competitors have filed with the Federal Communications Commission for those licenses would be a material fact in preparing the firm's financial statements. Compare immaterial.
References in periodicals archive ?
It is food contact compliant and available as semi-finished material and custom machined parts.
Europe's largest steel plant had already stopped production and faces the threat of permanent closure after magistrates seized semi-finished material and steel in a corruption investigation linked to the environmental scandal.
Selection of chemicals for the treatment of the semi-finished material is very important.