recognizerec·og·nize /ˈrekəgnaɪz, ˈrekən-/ (also recognise British EnglishBrE) verb [transitiveT]1to know who a person is or what something is, or to know something about them as soon as you see them or hear their nameHow will investors recognize the bottom of the market when it comes?
2to accept officially that an organization, government etc has legal or official authorityThe US refuses to recognize the country’s military government.
3to accept and admit that something is trueThe plan simply fails to recognize the difficulty and the time required to increase production.
4ACCOUNTING to show something at a particular amount, in a particular way etc in a company’s accountsThe company said it will recognize a pretax gain of about $23 million from the sale of the subsidiary.