Realization Event
/ˌriːəlaɪˈzeɪʃən ɪˈvɛnt/
Definitions
- (n.) An occurrence that causes the conversion of a contingent asset or liability into an actual asset or liability, often triggering legal or financial consequences.
The sale of the property constituted a realization event, obligating the reporting of capital gains.
Forms
- realization event
- realization events
Related terms
See also
Commentary
A realization event often marks the point at which a legal or financial position becomes enforceable or reportable; precise definitions may vary by jurisdiction and context (e.g., tax law vs. contract law).
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.