Realization
/ˌrɪəlaɪˈzeɪʃən/
Definitions
- (n.) The act of making an abstract right, asset, or obligation actual or real, especially by converting it into cash or a definitive legal status.
The realization of the property’s value occurred upon its sale.
- (n.) Recognition in financial or legal terms of profit, loss, or liability when a transaction or event legally completes.
The company recorded the realization of gains from its investment.
Forms
- realizations
Related terms
See also
Commentary
In legal drafting, specify the context of realization (financial, property, or contractual) to avoid ambiguity.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.