From Longman Business Dictionaryrecognizancere‧cog‧ni‧zance /rɪˈkɒgnɪzəns -ˈkɑːg-/ (also recognisance British English) noun [countable] LAW a promise that someone makes in a court of law. If they do not keep this promise, they have to pay money to the courtThe two men were released on their own recognizance (=after they had promised to return) to appear in court next month.
