recognize - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “recognize”

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recognize

verb [T] ( also UK recognise)
 
 
/ˈrekəɡnaɪz/
to know what something is because you have seen it before, or because you have heard or read about it: Managers failed to recognize the symptoms as quickly as they should. More and more people are beginning to recognize our logo.
to accept that something is true or important: We need to recognize the value of staff training and development. recognize that They failed to recognize that more investment was needed.
to praise or reward someone for what they have done: His contribution to the project is recognized in all the reports.recognize sb for sth The award was created to recognize photographers for outstanding work.
to accept officially that a person or an organization has authority to do things, usually because they can achieve an acceptable standard: recognize sth as sth The school has not yet been recognized as an official training centre. They refused to recognize the interim government.
IT if a machine recognizes something, it is able to read it electronically and get information: The device recognises the bar code and records the price. He was the inventor of an early machine to recognize handwriting.
ACCOUNTING to calculate a number or amount in a particular way so that it can be included in a company's accounts: The most common system is to recognize revenue when the invoice is issued. The school finance system fails to recognise the costs of meeting required standards. They are not required to recognize in their financial statements any short-term declines in the value of stock.
(Definition of recognize from the Cambridge Business English Dictionary © Cambridge University Press)
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