material fact

material fact
a) A fact essential to make a case or a defense, or the absence of which negates a case or defense.
b) A fact that might alter a persons decision to buy a property or change the terms and price a buyer is willing to accept.

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  • material fact — maˌterialˈfact noun 1. [countable] INSURANCE any fact which, by law, you must tell an insurance company when you buy insurance from them 2. [countable] FINANCE any fact which, by law, a company must tell people when a document giving information… …   Financial and business terms

  • material fact — see fact Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. material fact n. A fac …   Law dictionary

  • material fact — noun Any fact known to a potential insurant which might influence the provision of an insurance contract and which he or she is therefore obliged to disclose • • • Main Entry: ↑material …   Useful english dictionary

  • Material fact — A material fact is a fact that would be to a reasonable person germane to the decision to be made as distinguished from an insignificant, trivial or unimportant detail.[1] In other words, it is a fact which expression (concealment) would… …   Wikipedia

  • material fact — fact that can influence a decision that is being made …   English contemporary dictionary

  • material fact — 1) Any important piece of information that a person seeking insurance must disclose to the insurer to enable the insurer to decide whether or not to accept the insurance and to calculate the premium. What is and what is not material may have to… …   Big dictionary of business and management

  • material fact — See material …   Ballentine's law dictionary

  • genuine issue of material fact — noun A dispute over a material fact upon which the outcome of a legal case may rely, and which therefore must be decided by a judge or jury; a dispute which precludes summary judgment. We think there is nothing in these three asserted facts which …   Wiktionary

  • fact — n [Latin factum deed, real happening, something done, from neuter of factus, past participle of facere to do, make] 1: something that has actual existence: a matter of objective reality 2: any of the circumstances of a case that exist or are… …   Law dictionary

  • material — ma·te·ri·al 1 /mə tir ē əl/ adj 1: of, relating to, or consisting of physical matter 2: being of real importance or consequence 3: being an essential component the material terms of the contract 4: being relevant to a subject under considerati …   Law dictionary

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