material fact
A 'material fact' is crucial information that significantly influences decisions in legal, financial, and transactional contexts.
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Definition
C1Legal
(formal, technical)A fact essential to a case or defense, affecting its outcome or the parties' rights.
Example
- The witness's testimony introduced a material fact that changed the direction of the trial.
C1Property Law
(technical)A fact that could influence a buyer's decision or the terms of a property purchase.
Example
- The seller failed to disclose a material fact about the property's flood history.
C1Insurance
(technical)A fact that could affect an insurer's decision to provide coverage or determine policy terms.
Example
- Omitting a material fact about past claims can lead to policy cancellation.
C1Finance
(technical)Information crucial for making investment or financial decisions.
Example
- The company's undisclosed debt was a material fact that influenced investors.
Similar
Terms that have similar or relatively close meanings to "material fact":