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 recognize
re·al·i·za·tion /ˌrē-ə-lə-'zā-shən/ n
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.