To realize an asset means to
Question 1 Report
To realize an asset means to
Answer Details
To realize an asset means to turn it into cash or its equivalent, such as selling it for money. When you realize an asset, you're essentially converting the asset into a liquid form that can be easily used or spent. This could involve selling a physical asset, like a car or a house, or selling a financial asset, like stocks or bonds. Once you've realized an asset, you have the cash or funds to use for other purposes, such as investing, paying off debt, or making a purchase. So, to realize an asset means to convert it into cash or its equivalent, so that it can be used or spent more easily.
Download The App On Google Playstore
Everything you need to excel in your exams
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning