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Definition of Acceptance

Babylon English

act of accepting or receiving; approval; state of accepting or believing in something
Acceptance Definition from Language, Idioms & Slang Dictionaries & Glossaries
Webster's Revised Unabridged Dictionary (1913)
(n.)
The bill itself when accepted.
  
(n.)
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.
  
(n.)
State of being accepted; acceptableness.
  
(n.)
Meaning; acceptation.
  
(n.)
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.
  
(n.)
An agreeing to the action of another, by some act which binds the person in law.
  
(n.)
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.
  
Webster's Revised Unabridged Dictionary (1913), edited by Noah Porter. About
hEnglish - advanced version

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. lx. 7.
2. state of being accepted; acceptableness. "makes it assured of acceptance."
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.
note: in modern law, proposal and acceptance are the constituent elements into which all contracts are resolved.
acceptance
of a bill of exchange,


  similar words(4) 



 acceptance of persons 
 acceptance of goods 
 trade acceptance 
 acceptance of a bill of exchange 
WordNet 2.0

Noun
1. the mental attitude that something is believable and should be accepted as true; "he gave credence to the gossip"; "acceptance of Newtonian mechanics was unquestioned for 200 years"
(synonym) credence
(hypernym) attitude, mental attitude
(hyponym) recognition
(derivation) accept
2. the act of accepting with approval; favorable reception; "its adoption by society"; "the proposal found wide acceptance"
(synonym) adoption, acceptation, espousal
(hypernym) blessing, approval, approving
(hyponym) embrace, bosom
(derivation) accept
3. the state of being acceptable and accepted; "torn jeans received no acceptance at the country club"
(antonym) rejection
(hypernym) situation, state of affairs
(hyponym) currency, vogue
(derivation) accept
4. (contract law) words signifying consent to the terms of an offer (thereby creating a contract)
(hypernym) assent, acquiescence
(classification) contract law
5. banking: a time draft drawn on and accepted by a bank
(synonym) banker's acceptance
(hypernym) draft, bill of exchange, order of payment
6. a disposition to tolerate or accept people or situations; "all people should practice toleration and live together in peace"
(synonym) toleration, sufferance
(hypernym) permissiveness, tolerance
(hyponym) self acceptance
(derivation) accept, live with, swallow
7. the act of taking something that is offered; "her acceptance of the gift encouraged him"; "he anticipated their acceptance of his offer"
(hypernym) acquisition
(derivation) accept, take, have
Acceptance Definition from Business & Finance Dictionaries & Glossaries
Campbell R. Harvey's Hypertextual Finance Glossary
Contractual agreement instigated when the drawee of a time draft "accepts" the draft by writing the word "accepted" thereon. The drawee assumes responsibility as the acceptor and for payment at maturity. See: Letter of credit and banker's acceptance .
Copyright © 2000, Campbell R. Harvey. All Rights Reserved.
Company Info: Ticker, Name, Description
ACCEPTANCE INS COS INC
Exchange: NYSE
Holding company with subsidiaries which provide specialty property and casualty insurance; And own certain real estate investments.
Acceptance Definition from Social Science Dictionaries & Glossaries
Glossary of Significant Concepts in Parental Acceptance-Rejection Theory
The warmth, affection, care, comfort, concern, nurturance, support, or simply love that parents and others can feel and express toward their children, attachment figures, and others. Acceptance has two principle behavioral expressions: physical and verbal. Physical expressions of acceptance include hugging, fondling, caressing, approving glances, kissing, smiling, and other such indications of endearment, approval, or support. Expressions of verbal acceptance include praising, complimenting, saying nice things to or about the child or other person, perhaps singing songs or telling stories to a young child, and the like. Acceptance is also characterized by the absence or minimal presence of rejection.(See the warmth dimension of parenting
Contributed by the RONALD AND NANCY ROHNER CENTER FOR THE STUDY OF PARENTAL ACCEPTANCE AND REJECTION
Acceptance Definition from Science & Technology Dictionaries & Glossaries
Telecommunication Standard Terms
The condition that exists when a system or functional unit meets the specified performance and security requirements.
Acceptance Definition from Encyclopedia Dictionaries & Glossaries
Wikipedia English - The Free Encyclopedia
Acceptance in human psychology is a person's assent to the reality of a situation, recognizing a process or condition (often a negative or uncomfortable situation) without attempting to change it, protest, or exit. The concept is close in meaning to 'acquiescence', derived from the Latin 'acquiescere' (to find rest in).

See more at Wikipedia.org...
© This article uses material from Wikipedia® and is licensed under the GNU Free Documentation License and under the Creative Commons Attribution-ShareAlike License
Acceptance Definition from Law Dictionaries & Glossaries
The 'Lectric Law Library
The act of agreeing to (accepting) the terms of an offer. For example, an employee accepts an offer of employment by agreeing to work for the employer for the wages offered. 2) A draft, payable at a determinable future, date upon the face of which the drawee acknowledges his obligation to pay it at maturity.

An agreement to receive something which has been offered.

To complete the contract, the acceptance must be absolute and past recall and communicated to the party making the offer at the time and place appointed.

In many cases acceptance of a thing waives the right which the party receiving before had; as, for example, the acceptance of rent after notice to quit, in general waives. the notice.

The acceptance may be express, as when it is openly declared by the party to be bound by it; or implied, as where the party acts as if he had accepted. The offer, and acceptance must be in some medium understood by, both parties; it may be language, symbolical, oral or written. For example, persons deaf and dumb may contract by symbolical or written language. At auction sales, the contract, generally symbolical; a nod, a wink, or some other sign by one party, imports that he makes an offer, and knocking down a hammer by the other, that he agrees to it.

Acceptance of a bill of exchange the act by which the drawee or other person evinces his assent or intention to comply with and be bound by, the request contained in a bill of exchange to pay the same; or in other words, it is an engagement to pay the bill when due. It will be proper to consider, 1, by whom the acceptance ought to be made; 2, the time when it is to be made; 3, the form of the acceptance; 4, its extent or effect.

The acceptance must be made by the drawee himself, or by one authorized by him. On the presentment of a bill, the holder has a right to insist upon such an acceptance by the drawee as will subject him at all events to the payment of the bill, according to its tenor; consequently such drawee must have capacity to contract, and to bind himself to pay the amount of the bill, or it, may be treated as dishonored.

As to the time when, a bill ought to be accepted, it may be before the bill is drawn; in this case it must be in writing or it may be after it is drawn; when the bill is presented, the drawee must accept the bill within twenty-four hours after presentment, or it should be treated as dishonored. On the refusal to accept, even within the twenty-four hours, it should be protested. The acceptance may be made after the bill is drawn, and before it becomes due or after the time appointed for payment and even after refusal to accept so as to bind the acceptor.

The acceptance may also be made supra protest, which is the acceptance of the bill, after protest for non-acceptance by the drawee, for the honor of the drawer, or a particular endorser. When a bill has been accepted supra protest for the honor of one party to the bill, it may be accepted supra protest, by another individual, for the honor of another.

As to the form of the acceptance, it is clearly established it may be in writing on the bill itself, or on another paper, or it may be verbal; or it may be expressed or implied.

An express acceptance is an agreement in direct and express terms to pay a bill of exchange, either by the party on whom it is drawn, or by some other person, for the honor of some of the parties. It is Usually in the words accepted or accepts, but other express words showing an engagement to pay the bill will be equally binding.

An implied acceptance is an agreement to pay a bill, not by direct and express terms, but by any acts of the party from which an express agreement may be fairly inferred. For example, if the drawee writes 'seen,' 'presented,' or any, other thing upon it, (as the day on which it becomes due,) this, unless explained by other circumstances, will constitute an acceptance.

An acceptance in regard to its extent and effect, may be either absolute, conditional, or partial.

An absolute acceptance is a positive engagement to pay the bill according to its tenor, and is usually made by writing on the bill ' accepted,' and subscribing the drawee's name; or by merely writing his name either at the bottom or across the bill. But in order to bind another than the drawee, it is requisite his name should appear.

A conditional acceptance is one which will subject the drawee or acceptor to the payment of the money on a contingency. The holder is not bound to receive such an acceptance, but if he do receive it he must observe its terms.

A partial acceptance varies from the tenor of the bill, as where it is made to pay part of the sum for which the bill is drawn, or to pay at a different time.
   

This entry contains material from Bouvier's Legal Dictionary, a work published in the 1850's.
Courtesy of the 'Lectric Law Library.
Duhaime.org Legal Dictionary
One of three requisites to a valid contract under common law (the other two being an offer and consideration). - (read more on Acceptance)
  
2008 Duhaime.org. All rights reserved.
Canadian Insolvency Dictionary
The act of accepting something, usually a contract.  For example, an offer is made to some person that that person buys certain goods for a certain amount of money.  If the person to whom the offer is made agrees, then the offer is considered to be accepted.
Acceptance Definition from Sports Dictionaries & Glossaries
maritime&shipping&trade
A time draft (or bill of exchange) which the drawee has accepted and is unconditionally obligated to pay at maturity. Drawee's act in receiving a draft and thus entering into the obligation to pay its value at maturity. Broadly speaking, any agreement to purchase goods under specified terms.
Acceptance Definition from Society & Culture Dictionaries & Glossaries
Social Work in Canada
Viewing another's thoughts, feelings, and attitudes as worthy.
Acceptance Definition from Entertainment & Music Dictionaries & Glossaries
English - Klingon
n. laj