material

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Related to Finished materials: Raw material extraction

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 always enlightening to ask patients about their needs and to get their reactions to the finished materials.
Key benefits of the halloysite nanotubes for plastics include an increase in nanocomposite material strength and modulus with no sacrifice in ductility, improved uniformity of finished materials, reduced component weight, and improved performance at higher temperatures, says NaturalNano.
The professional judges recognized Ameristar's complex integration of finished materials, high level of craft work, variety of material used and how well they were integrated.