Entry 1 sense Webster, 1913 Realization /(rē`al*ĭ*zā"shŭn)/ · Re·al·i·za·tion · IPA /ˌɹiə.lɪˈzeɪ.ʃən/ 01 n. The act of realizing, or the state of being realized. 1. The act of realizing, or the state of being realized.