Entry 1 sense Webster, 1913 Equalization /ēkˌ-wəl-ĭz-āsh'-ən/ · E·qual·i·za·tion · IPA /ˌiːkwəlɪzˈeɪʃən/ 01 n. The act of equalizing, or state of being equalized. 1. The act of equalizing, or state of being equalized. “Their equalization with the rest of their fellow subjects.” — Burke.