Words / V / Business

verifiability

noun/ˌvɛrɪfʌɪəˈbɪlɪti/

C1CEFR level
65/100Rarity: rare
TechnicalRegister

The quality whereby different observers could agree that a figure is faithfully represented.

Historical cost offers verifiability, but fair value arguably offers relevance.

Topic: Accounting in Business English

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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More business words: Accounting