misstatement
B1CEFR level
55/100Rarity: uncommon
TechnicalRegister
Law noun
An untrue assertion of fact made in the course of dealing.
A negligent misstatement in the prospectus exposed the issuer to liability.
Business noun
A difference between a reported figure and the amount required by the applicable reporting framework.
The aggregated misstatement remained below materiality, so no adjustment to the accounts was demanded.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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