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realize  (realizes 3rd person present) (realizing present participle) (realized past tense & past participle )
in BRIT, also use  realise  
1  verb If you realize that something is true, you become aware of that fact or understand it. 
As soon as we realised something was wrong, we moved the children away...  V that 
People don't realize how serious this recession has actually been...  V wh 
Once they realised their mistake the phone was reconnected again...  V n 
`That's my brother.'<emdash>`Oh, I hadn't realized.'  V 
 realization  (realizations plural) n-var usu N that, N of n 
There is now a growing realisation that things cannot go on like this for much longer..., He nearly cried out at the sudden realization of how much Randall looked like him.  
2  verb If your hopes, desires, or fears are realized, the things that you hope for, desire, or fear actually happen. 
usu passive 
Straightaway our worst fears were realised...  be V-ed 
 realization  n-uncount oft the N of n 
...the realization of his worst fears.  
3  verb When someone realizes a design or an idea, they make or organize something based on that design or idea. 
FORMAL Various textile techniques will be explored to realise design possibilities...  V n 
4  verb If someone or something realizes their potential, they do everything they are capable of doing, because they have been given the opportunity to do so.  (=achieve) 
The support systems to enable women to realize their potential at work are seriously inadequate...  V n 
5  verb If something realizes a particular amount of money when it is sold, that amount of money is paid for it. 
FORMAL A selection of correspondence from P G Wodehouse realised £1,232.  V n 
 realization  n-var 
I have taken this course solely to assist the realisation of my assets for the benefit of all my creditors.