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capitalize on (something)

To take advantage of a particular opportunity or situation for one's benefit. We need to capitalize on that team's losing streak and overtake them in the standings. You finally got an interview at that company, so you need to capitalize on it, because you might not get another one.
See also: capitalize, on

capitalize on something

Fig. to build on something; to exploit something, such as an opportunity of talent, to one's own benefit. Let's try to capitalize on the strength of the economy and invest for the future. Capitalize on your experience in the field and you'll do well in the interview.
See also: capitalize, on
References in periodicals archive ?
Atkinson, "A Bright Line Rule Dims: Manufacturers Must Capitalize Environmental Cleanup Costs," 45 TAX MGMT.
Like the revenue-based methods, the investment method capitalizes the cost of the policy and the premiums needed to keep it in force, but no income is recognized until the insured dies.
In its August 16 issue, reporter Tony Long, writes under the head, "It's Just the 'internet' Now," "Effective with this sentence, Wired News will no longer capitalize the 'I' in internet.
We also seek to capitalize on positive numbers in the "tackle box" (Diag.
The election to capitalize is made by filing a statement, on a plain piece of paper, with the original tax return for the year in which the election is to be effective.
Even if a lender has the right to deduct various loan expenses for tax purposes, it may still elect to capitalize them.
Therefore the company had to capitalize the payment, not deduct it.
The regulations require taxpayers to capitalize costs incurred to create or enhance a "future benefit identified in published guidance in the Federal Register or the Internal Revenue Bulletin .
So I remained what I wrote in that article--"probably the only person in America who doesn't capitalize internet.
The simplified methods generally cause the taxpayer to capitalize greater costs than if a facts-and-circumstances method were used.
ITW's attempt to deduct payment of the contingent liability conflicted with the well-established principle that a company must capitalize the total cost, including contingencies, it incurs to acquire assets.
No country is better positioned to capitalize on these knowledge-based resources than the US.
It is the company's policy to capitalize direct costs of producing product masters after technological feasibility has been established.
Yes," I admitted, "I'm probably the only person in America who doesn't capitalize internet.