ACCEPTANCE

acceptance

(noun) the act of taking something that is offered; “her acceptance of the gift encouraged him”; “he anticipated their acceptance of his offer”

adoption, acceptance, acceptation, espousal

(noun) the act of accepting with approval; favorable reception; “its adoption by society”; “the proposal found wide acceptance”

toleration, acceptance, sufferance

(noun) a disposition to tolerate or accept people or situations; “all people should practice toleration and live together in peace”

credence, acceptance

(noun) 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”

acceptance

(noun) (contract law) words signifying consent to the terms of an offer (thereby creating a contract)

acceptance, banker's acceptance

(noun) banking: a time draft drawn on and accepted by a bank

acceptance

(noun) the state of being acceptable and accepted; “torn jeans received no acceptance at the country club”

Source: WordNet® 3.1

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Etymology

Noun

acceptance (countable and uncountable, plural acceptances)

The act of accepting; a receiving of something offered, with acquiescence, approbation, or satisfaction; especially, favourable reception; approval.

Belief in something; agreement, assent.

The state of being accepted.

The usual or accepted meaning of a word or expression.

(business, finance) 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; the bill of exchange itself when accepted.

(law) An agreeing to the action, proposals, or terms of another by some act which results in the conclusion of a legally binding contract; 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 of possession of a thing as owner.

(government, US) The act of an authorized representative of the government by which the government assents to ownership of existing and identified supplies, or approves specific services rendered, as partial or complete performance of a contract.

(horse racing, Australia, New Zealand, pluralonly) A list of horses accepted as starters in a race.

(optics) synonym of etendue.

Usage notes

In modern law, offer and acceptance are necessary elements for a legally binding contract.

Synonyms

• (act of accepting): accepting, receiving, reception, approval

• (state of being accepted): acceptableness

• (assent and engagement by person on whom bill of exchange is drawn): assent

Source: Wiktionary

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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)

Definition: 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.

Source: Webster’s Unabridged Dictionary 1913 Edition

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