Abstract
Realists claim that, amongst the statements weunderstand, there are some which are true, yetwhose truth potentially transcends the limits ofwhat we can recognize. Dummett and othershave argued that this realist thesis is incompatiblewith an account of understanding in termsof recognitional capacities. But careful analysis revealsthat this contention is mistaken. Thealleged incompatibility presupposes the truth of ametaphysical principle which cannot bevindicated on the basis of an account of understanding.Realists have independent reason toreject this metaphysical principle, as it leads to a collapseof more modest forms of realisminto more contentious ones. According to moderate realism,we neither know that there areactually recognition-transcendent truthsnor do we know taht there are none. Pending apositive case for the metaphysical principle, thisagnosticism is sufficient to warrant therealists' key thesis, viz. that there arepotentially recognition-transcendent truths. Thusrealism, in its more moderate guise, turns outto be the default position