accomplishment, achievement, acquirement, acquisition, actualization, apperception, appreciation, apprehension, attainment, awareness, cognition, cognizance, completion, comprehension, consciousness, consummation, discernment, discovery, effectuation, effectus, execution, fruition, fulfilment, illumination, implementation, ken, knowledge, materialization, mindfulness, perception, performance, production, profit, receipt, recognition, sensibility, substantiation, understanding
acquisition, appreciation (increased value), cessation (termination), cognition, commission (act), comprehension, conclusion (determination), creation, denouement, development (outgrowth), discharge (performance), embodiment, end (termination), fait accompli, fruition, insight, knowledge (awareness), occurrence, outcome, perception, performance (execution), phenomenon (manifestation), profit, recognition, satisfaction (fulfilment), sense (feeling), understanding (comprehension)
Burton's Legal Thesaurus. William C. Burton. 2006
n. A transformation of non-monetary assets into cash; a transaction such as a property sale that impacts upon the taxpayer's wealth to the extent that it may trigger the imposition of an income tax. If the tax is, in fact, imposed, the transaction is said to be recognized.See also recognition.
Webster's New World Law Dictionary. Susan Ellis Wild. 2000.