Acceptance

Definition of Acceptance

Ac`cept´ance
n.1.The act of accepting; a receiving what is offered, with approbation, satisfaction, or acquiescence; esp., favorable reception; approval; as, the acceptance of a gift, office, doctrine, etc.
They shall come up with acceptance on mine altar.
- Isa. lx. 7.
2.State of being accepted; acceptableness.
3.(Com.) An assent and engagement by the person on whom a bill of exchange is drawn, to pay it when due according to the terms of the acceptance.
4.An agreeing to terms or proposals by which a bargain is concluded and the parties are bound; the reception or taking of a thing bought as that for which it was bought, or as that agreed to be delivered, or the taking possession as owner.
5.(Law) An agreeing to the action of another, by some act which binds the person in law.
acceptance of a bill of exchange
is an engagement to pay it according to the terms. This engagement is usually made by writing the word "accepted" across the face of the bill.
Acceptance of goods
under the statute of frauds, is an intelligent acceptance by a party knowing the nature of the transaction.
6.Meaning; acceptation.
Acceptance of persons
partiality, favoritism. See under Accept.

Related Words

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Accendibility
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Accension
Accensor
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accented
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Accentless
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Accentual
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Accept
Acceptability
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Acceptableness
Acceptably
-Acceptance-
acceptance of a bill of exchange
Acceptance of goods
Acceptance of persons
Acceptancy
Acceptant
Acceptation
Acceptedly
Accepter
Acceptilation
Acception
Acception of persons
Acceptive
Acceptor
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Accessary before the fact
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