The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

REALIZATION Definition & Legal Meaning

Definition & Citations:

1. Change of assets, goods, or services into cash or receivables through sale.
2. Recognition of revenue when the title passes from seller to the buyer with the creation of a responsibility to pay.
3. Carrying out an act to its end.

Disclaimer

This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.