ac·cep·tance  (āk-sěp'təns) 
n. The act or process of accepting. The state of being accepted or acceptable. Favorable reception; approval. Belief in something; agreement. Abbr. acpt. A formal indication by a debtor of willingness to pay a time draft or bill of exchange. A written instrument so accepted.
Law Compliance by one party with the terms and conditions of another's offer so that a contract becomes legally binding between them.
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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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The American Heritage® Abbreviations Dictionary, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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