What's a Legal Recognizance?

What's a Legal Recognizance?
★ Key Takeaways

Recognizance, in Anglo-American Law, Obligation Entered into Before a Judge or Magistrate Whereby a Party (The Recognizor) Binds Himself to Owe a Sum of Money in the Event That He Does Not Perform a Stipulated Act. If He Fails to Perform the Required Act, the Money May Be Collected in an Appropriate Legal Proceeding.

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Direct Answer • Key Takeaway

Recognizance, in Anglo-American Law, Obligation Entered into Before a Judge or Magistrate Whereby a Party (The Recognizor) Binds Himself to Owe a Sum of Money in the Event That He Does Not Perform a Stipulated Act. If He Fails to Perform the Required Act, the Money May Be Collected in an Appropriate Legal Proceeding.

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Maya Lin-Takahashi
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Maya Lin-Takahashi

Maya is a hardware enthusiast who tests and reviews smart home devices, smartphones, wearables, and audio gear. She focuses on practical consumer value and build quality.