Historically,the United Kingdom has recognized only those deferred tax liabilities expected to "crystallize." The term "crystallize" is most nearly synonymous with the term

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"Crystallize" means to become fully formed, developed, or established. In the context of deferred tax liabilities, it means that the liability is expected to be realized or become due in the future. Therefore, the best synonym for "crystallize" in this context is "realized."

Historically,the United Kingdom Has Recognized Only Those Deferred Tax Liabilities