verb (used with object) 1. (of animals, especially birds) to trim or dress (feathers, fur, etc.) with the beak or tongue: The peacock preened itself on the lawn. 2. to dress (oneself) carefully or smartly; primp: The king preened himself in his elaborate ceremonial robes.
Definition of 'finality'. finality (faÉªnÃ¦lÉªti ) Finality is the quality of being final and impossible to change. If you say something with finality, you say it in a way that shows that you have made up your mind about something and do not want to discuss it further. Young children have difficulty grasping the finality of death.
The materiality concept, also called the materiality constraint, states that financial information is material to the financial statements if it would change the opinion or view of a reasonable person.he materiality concept states that this loss is immaterial because the average financial statement user would not be concerned with something that is only .1% of net income. - Assume the same example above except the company is a smaller company with only $50,000 of net income.