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recognizance

re·cog·ni·zance [ ri kógniz'nss ] (plural re·cog·ni·zances)


noun 
Definition:
 
1. formal bond: a formal agreement made by somebody before a judge or magistrate to do something, e.g. to appear in court at a set date
He was released on his own recognizance.

2. money pledged: a sum of money pledged by somebody making a recognizance, to be forfeited if the agreed act is not carried out

[14th century. < Old French reconissaunce< coni(s)saunce (see cognizance)]

re·cog·ni·zant adjective
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