realization
n.-
1 sudden understanding (n.) B2 Upper Intermediatethe moment you suddenly understand or become aware of something.
the cognitive act of becoming fully aware of something as a fact.
ExampleThe realization that she had left her keys at work made her stop walking.
ExampleThe sudden realization of the project's true cost forced the board to reconsider their entire expansion strategy for the upcoming fiscal year.
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2 making something real (n.) C1 Advanced Formalthe act of making a plan, hope, or dream happen in real life.
the achievement or practical manifestation of something planned or desired.
ExampleWinning the award was the realization of his lifelong dream to be a writer.
ExampleThe successful launch of the satellite represented the final realization of years of collaborative research between the two universities.
- achievement
- fulfillment
- actualization
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3 converting to cash (n.) C2 Proficiency Technical Formal Lawselling something you own to get the money from it.
the process of converting assets, such as property or stocks, into cash.
ExampleThe realization of the company's assets took several months after it closed.
ExampleThe court-ordered realization of the defendant's offshore holdings was necessary to compensate the victims of the fraud.
UsageOften used in legal or financial contexts regarding the sale of a bankrupt person's property.
From French réalisation, from Middle French; equivalent to realize + -ation.