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acceptance - 4 dictionary results

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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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. "Makes it assured of acceptance." --Shak.

3. (Com.) (a) 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. (b) The bill itself when accepted.

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.

Note: What acts shall amount to such an acceptance is often a question of great nicety and difficulty. --Mozley & W.

Note: In modern law, proposal and acceptance are the constituent elements into which all contracts are resolved.

Acceptance of a bill of exchange, check, draft, or order, 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. [Obs.]

Acceptance of persons, partiality, favoritism. See under Accept.
Webster's Revised Unabridged Dictionary, © 1996, 1998 MICRA, Inc.
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Language Translation for : acceptance
Spanish: aceptación,
German: die Zusage,
Japanese: 受諾
More Translations »

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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