It means the act of showing that you have seen or notices somebody/ something. Basically to admit to be real or true, recognizing the existence truth or fact or to acknowledge one’s mistake. To show realization an acquaintance by nodding.
Generally: statement declaring something factual or true or confirming something to be genuine and certified by a competent authority. Formal declaration made under oath, or in the presence of a notary or other competent authority.
The purpose of an acknowledgment is for a signer, whose identity has been verified, to declare to a Notary or Notarial Officer that he or she has willingly signed a document.
An acknowledgment requires the following steps:
- The signer must physically appear before you.
- You must positively identify the signer according to your state’s rules.
- The signer may either sign the document before appearing before you, or in your presence.
- The signer must declare (acknowledge) signing the document for its intended purpose.
‘Acknowledgement’ generally means acceptance or admission of something that exists. Section 18 of the Limitation Act, 19631 uses the term ‘acknowledgement’ to mean an admission of an existing liability in lieu of which the period of limitation is extended. … That the acknowledgement of liability must be in writing.