The Collaborative International Dictionary
Acceptance \Ac*cept"ance\, n.
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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. State of being accepted; acceptableness. ``Makes it assured of acceptance.''
--Shak.-
(Com.)
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 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.
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(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, acceptance of a check, acceptance of a draft, or acceptance of an 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.
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Meaning; acceptation. [Obs.]
Acceptance of persons, partiality, favoritism. See under Accept.