material fact
noun[C]
ukusINSURANCE
informationthat you must give toyourinsurancecompanywhen you make aclaim:
How do youknowwhat anunderwritermayregardas amaterialfact?
FINANCE
importantinformation,especiallyfinancialinformation, that acompanymustlegallygive topeoplewho haveinvestedor are going toinvestin it:
Thecompanyomittedtostateamaterialfactwhenaskingforinvestment.
LAW
importantinformationthat mayaffectadecisionin acourtoflaw:
Materialfactsare those that arerelevantto the court'sdecision.