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Material |
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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.
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