Etymology
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formalize (v.)

1590s, "give an appearance of being to," from formal + -ize. Meaning reduce to form" is from 1640s; sense of "render formal" is from 1855. Related: Formalized; formalizing.

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Definitions of formalize

formalize (v.)
make formal or official;
We formalized the appointment and gave him a title
Synonyms: formalise
formalize (v.)
declare or make legally valid;
Synonyms: validate / formalise
From wordnet.princeton.edu