realize

realize
To understand. To bring to fruition. To obtain the advantage or benefit of a thing, as taking a profit on an investment. To realize means to bring into actual possession. It is ordinarily used in contrast to hope, or anticipation. A man may hope to sell his property for a certain sum, but until he actually sells it and receives the money, or its equivalent, he cannot be said to have "realized" either his hopes or his profits. Lorillard v Silver, 36 NY 578, 579. Under section 22 of the Revenue Act of 1934, realization of income is the taxable event, rather than the right to receive it, and realization is not deemed to occur until the income is paid. But the decisions and regulations have consistently recognized that receipt in cash or property is not the only characteristic of realization of income to a taxpayer on the cash receipts basis. Where the taxpayer does not receive payment in money or property, realization may occur whe n the last step is taken by which he obtains the fruition of the economic gain which has already accrued to him. Helvering v Horst, 311 US 112, 85 L Ed 75, 61 S Ct 144.

Ballentine's law dictionary. . 1998.

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  • Realize — Single par Nami Tamaki extrait de l’album Greeting Face A Realize Face B Hot Summer Day Sortie 24 juillet 2003 …   Wikipédia en Français

  • realize — rea‧lize [ˈrɪəlaɪz] also realise verb [transitive] 1. realize money/​profits etc FINANCE to make money from something: • He estimated they could realize $115 million on the sale before taxes. • The company was able …   Financial and business terms

  • Realize — Re al*ize (r[=e] al*[imac]z), v. t. [imp. & p. p. {Realized} ( [imac]zd); p. pr. & vb. n. {Realizing} ( [imac] z[i^]ng).] [Cf. F. r[ e]aliser.] 1. To make real; to convert from the imaginary or fictitious into the actual; to bring into concrete… …   The Collaborative International Dictionary of English

  • realize — 1 Realize, actualize, embody, incarnate, materialize, externalize, objectify, hypostatize, reify are the chief words in English meaning to give concrete or objective existence to something that has existed as an abstraction or a conception or a… …   New Dictionary of Synonyms

  • Realize — (also spelt realise) may refer to:* Realize (single), a 2003 J pop single * Realize (song), a 2007 pop singleee also* Realisation …   Wikipedia

  • realize — re·al·ize / rē ə ˌlīz/ vt ized, iz·ing 1: to convert into money 2: to obtain or incur (as a gain or loss) esp. as the result of a sale, exchange, or other disposition of an asset realized a loss when the house was sold compare recogni …   Law dictionary

  • realize — [v1] appreciate, become aware of apprehend, be cognizant of, become conscious of, catch, catch on*, comprehend, conceive, discern, envisage, envision, fancy*, feature*, get, get it*, get the idea*, get the picture*, get through one’s head*, grasp …   New thesaurus

  • Realize — Re al*ize, v. i. To convert any kind of property into money, especially property representing investments, as shares in stock companies, bonds, etc. [1913 Webster] Wary men took the alarm, and began to realize, a word now first brought into use… …   The Collaborative International Dictionary of English

  • realize — [rē′ə līz΄] vt. realized, realizing [Fr réaliser] 1. to make real; bring into being; achieve 2. to make appear real 3. to understand fully; apprehend 4. to convert (assets, rights, etc.) into money 5. to gain; obtain …   English World dictionary

  • realize — (v.) 1610s, bring into existence, from Fr. réaliser make real, from M.Fr. real actual (see REAL (Cf. real) (adj.)). Sense of understand clearly is first recorded 1775. Related: Realized; realizing …   Etymology dictionary

  • realize — (Amer.) re·al·ize || rɪəlaɪz v. understand, comprehend; make real, accomplish, actualize; materialize; convert into cash, liquidate (also realise) …   English contemporary dictionary

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