Why is "material implication" called "material"? What does the word "material" imply or underline?
It seems that the term "material condition" even preferred over the term "implication", preferred also by Wikipedia.
Why? What is so special about "material" versus just "implication"?
Only historical origins... in fact, there is no "immaterial" implication.
The term material implication originated with Bertrand Russell, The Principles of Mathematics (1903); see Part I : Chapter III. Implication and Formal Implication for :
See in Whitehead and Russell Principia Mathematica the "horseshoe" ($⊃$) notation.
In the "material" case it is used as a connective between propositions :
while in the "formal" usage it is a relation between propositional functions (the symbolic counterparts of classes) :
While "implication" for "conditional" ?
Again, see :
Unfortunately, Russell is mixing here two concepts : the connective "if..., then..." and the relation of (logical) consequence (in this, following his "maestro" : Giuseppe Peano, that introduced the symbol $a ⊃ b$ reading it (1889) as "deducitur").
It is worth noting that G.Frege, in his groundbraking Begriffsschrift (1879) called the connective symbolizing "if...,then..." : Bedingtheit (tranlated into in English with Conditionality).
See also Implication and Modal Logic.