Acknowledge
Part of speech: verb
Definition: To admit the knowledge of; to recognize as a fact or truth; to declare one's belief in; as, to acknowledge the being of a God. To own or recognize in a particular quality, character or relationship; to admit the claims or authority of; to give recognition to. To own with gratitude or as a benefit or an obligation; as, to acknowledge a favor. To notify receipt, as of a letter. To own as genuine or valid; to assent to, as a legal instrument, to give it validity; to avow or admit in legal form; as, to acknowledge a deed.
Example sentence: No one who achieves success does so without acknowledging the help of others. The wise and confident acknowledge this help with gratitude.
Recognise
Part of speech: verb
Definition: To match something or someone which one currently perceives to a memory of some previous encounter with the same entity.To acknowledge the existence or legality of something.; treat as worthy of consideration or valid.To acknowledge or consider as something.To realise or discover the nature of something; apprehend quality in; realise or admit that.To give an award.
Example sentence: If a founder has passion and innovation, he needs to be supported. I am more intuitive than a numbers person, and I recognise that not all investments are going to be positive. Some may fail, and some may have problems for other reasons. That is life.