IPA: /ˌfɔːrməlaɪˈzeɪʃən/
KK: /ˌfɔːrməlaɪˈzeɪʃən/
The process of making something official or structured according to rules or standards.
The formalization of the new policy took several months to complete.
Formalization → It is formed from "formal" (from Latin *formalis*, meaning pertaining to form) and "-ization" (a suffix used to indicate the process of making or becoming). The word "formalization" refers to the process of making something formal or establishing it in a structured manner.
Think of the word 'formal' which relates to structure and rules, and remember that 'formalization' means the process of making something structured or official.