Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Realization
n. 1. Conversion of noncash assets into cash assets. 2. Tax. An event or transaction, such as the sale or exchange of property, that substantially changes a taxpayer's economic position so that income tax may be imposed or a tax allowance granted. Cf. RECOGNITION (3). - realize, vb.