What is REALIZATION?

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.

More On This Topic



Link to This Definition
Did you find this definition of REALIZATION helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary