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English definition of “realization”

realization

noun [S or U] (also UK realisation)
 
 
/ˌrɪəlaɪˈzeɪʃən/ US   /ˌrɪələˈzeɪʃən/
FINANCE, ACCOUNTING the process of selling assets, investments, etc. for cash: realization of sth In the event of default or bankruptcy by the counterparty to the agreement, realization of the collateral may be subject to legal proceedings. Should a company aim for high volume or high price realization?
the process of achieving something you planned to do or hoped for: The realization of financial goals is often the result of satisfying customers and stakeholders. Real-time data capture of consumer response to advertising is a phenomenon now tantalizingly close to realization.
(Definition of realization from the Cambridge Business English Dictionary © Cambridge University Press)
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