- 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.
Etymology: From Old French accepter; see also accept
- They shall come up with acceptance on mine altar. - Isaiah 60:7
- State of being accepted; acceptableness.
- Makes it assured of acceptance. - Shakespeare: Rape of Lucrece
- (Commerce): 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.
- (Commerce):: The bill itself when accepted.
- 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.
- An agreeing to the action of another, by some act which binds the person in law.
- What acts shall amount to such an acceptance is often a question of great nicety and difficulty. - Mozley and Whitely: Law Dictionary
- In modern law, proposal and acceptance are the constituent elements into which all contracts are resolved.
- (US Government) The act of an authorized representative of the Government by which the Government assents to ownership by it of existing and identified supplies, or approves specific services rendered, as partial or complete performance of a contract.
- Derived phrases
- 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.
- Obsolete: acceptation
- Derived phrase
- Acceptance of persons, partiality, favoritism. See under accept.
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