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acceptance

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ac⋅cept⋅ance

  [ak-sep-tuhns]
Use acceptance in a Sentence
–noun
1. the act of taking or receiving something offered.
2. favorable reception; approval; favor.
3. the act of assenting or believing: acceptance of a theory.
4. the fact or state of being accepted or acceptable.
5. acceptation (def. 1).
6. Commerce.
a. an engagement to pay an order, draft, or bill of exchange when it becomes due, as by the person on whom it is drawn.
b. an order, draft, etc., that a person or bank has accepted as calling for payment and has thus promised to pay.
Origin:
1565–75; accept + -ance
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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ac·cep·tance   (āk-sěp'təns)   
n.  

  1. The act or process of accepting.

  2. The state of being accepted or acceptable.

  3. Favorable reception; approval.

  4. Belief in something; agreement.

  5. Abbr. acpt.

    1. A formal indication by a debtor of willingness to pay a time draft or bill of exchange.

    2. A written instrument so accepted.

  6. Law Compliance by one party with the terms and conditions of another's offer so that a contract becomes legally binding between them.

The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Financial Dictionary

acceptance

See banker's acceptance.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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