recognize

US /ˈrek.əɡ.naɪz/

・

UK /ˈrek.əɡ.naɪz/

To accept the truth or reality of something
To consider something as important or special
To accept the legal authority of someone, thing
To publicly show appreciation for someone's work
To know someone or something because you have seen or heard him or her or experienced it before

Examples

All rivers should be officially recognized as public rights of way.

The company had been slow to recognize the opportunities available to it.