The Collaborative International Dictionary of English v.0.48:

Recognizee \Re*cog`ni*zee"\ (r[-e]*k[o^]g`n[i^]*z[=e]" or
   r[-e]*k[o^]n`[i^]*z[=e]"), n. (Law)
   The person in whose favor a recognizance is made. [Written
   also recognisee.] --Blackstone.
   [1913 Webster]

Bouvier's Law Dictionary, Revised 6th Ed (1856):

RECOGNIZEE. He for whose use a recognizance has been taken.