Realisation is the term which refers to the amount that can be recovered from sale, redemption, or repayment of an investment, in whole or in part. The term also refers to the insolvency of an investee company, where no significant return to a fund is envisaged. Because the process of redeeming an investment may involve cost, the realizable value is computed as the value that can be realized from the sale, or redemption of an investment less associated costs.