material fact
noun [ C ]
ukus INSURANCE
information that you must give to your insurance company when you make a claim :
How do you know what an underwriter may regard as a material fact?
FINANCE
important information, especially financial information, that a company must legally give to people who have invested or are going to invest in it:
The company omitted to state a material fact when asking for investment.
LAW
important information that may affect a decision in a court of law:
Material facts are those that are relevant to the court's decision.