recognizances are aptly described as 'CONTRACTS made with the CROWN in it's judicial capacity.'
A recognizance is an acknowledgment of an obligation in court by the recognizor binding him to make a certain PAYMENT subject to the condition that on the performance of a SPECIFIED ACT the obligation shall be DISCHARGED.
recognizor= A recognizance is an acknowledgment upon RECORD of a former DEBT, and he who so acknowledges such DEBT to be DUE is termed the recognizor, and he to whom or for whose benefit he makes such acknowledgment is termed the recognizee.
CROWN PAYMENT SPECIFIED ACT DISCHARGED RECORD DEBT DUE
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