Meaning of “realization” in the English Dictionary

"realization" in English

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UK usually realisation uk /ˌrɪə.laɪˈzeɪ.ʃən/ us /ˌriː.ə.ləˈzeɪ.ʃən/

realization noun (MONEY)

[ U ] specialized finance & economics the act of getting money by selling something:

Even the realization of all his assets would not be enough to prevent financial ruin.

(Definition of “realization” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"realization" in American English

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us /ˌri·ə·ləˈzeɪ·ʃən/

[ C usually sing ] the state of being aware of or understanding a situation:

You soon come to the horrible realization that the flat skinny letters mean, No, you are not accepted.

[ U ] the act of achieving something you hoped or planned for:

Playing in the major leagues was the realization of his dreams.

(Definition of “realization” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"realization" in Business English

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realizationnoun [ S or U ]

also UK realisation uk /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)