Definify.com
Webster 1913 Edition
Acceptance
Ac-cept′ance
,Noun.
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)
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 & W.
☞ 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.
Webster 1828 Edition
Acceptance
ACCEPT'ANCE
,Noun.
1.
A receiving with approbation or satisfaction; favorable reception; as work done to acceptance.They shall come up with acceptance on my altar. Isa. 60.
2.
the receiving of a bill of exchange or order, in such a manner, as to bind the acceptor to make payment. This must be by express words; and to charge the drawer with costs, in case of non payment, the acceptance must be in writing, under across, or on the back of the bill.3.
An agreeing to terms or proposals in commerce, by which a bargain is concluded and the parties bound.Page 41
4.
An agreeing to the act or contact of another, by some act which binds the person in law; as, a bishop's taking rent reserved on a lease made by his predecessor, is an acceptance of the terms of the lease and binds the party.5.
In mercantile language, a bill of exchange accepted; as a merchant receives another's acceptance in payment.6.
Formerly, the sense is which a word is understood. Obs.[See Acceptation.]
Definition 2024
acceptance
acceptance
English
Alternative forms
- (obsolete) acceptaunce
Noun
acceptance (plural acceptances)
- The act of accepting; a receiving of something offered, with approbation, satisfaction, or acquiescence; especially, favorable reception; approval
- the acceptance of a gift, office, doctrine, etc.
- Isaiah 60:7:
- They shall come up with acceptance on mine altar.
- Belief in something; agreement; assent.
- State of being accepted.
- 1594, Shakespeare, Rape of Lucrece:
- Makes it assured of acceptance.
-
- (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.
- (business, finance) The bill of exchange 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.
- (law) An agreeing to the action of another, by some act which binds the person in law.
- (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.
- The usual or accepted meaning of a word or expression.
- (Australia, New Zealand, plural only) A list of horses accepted as starters in a race.
Usage notes
- (legal, An agreeing to the action of another, by some act which binds the person in law): In modern law, proposal and acceptance are the constituent elements into which all contracts are resolved.
Derived terms
- (US Government, act of an authorized representative to assent to ownership or approve services rendered): acceptance of a bill of exchange, acceptance of goods
- acceptance of persons
- (business, finance): banker's acceptance, trade acceptance
Synonyms
- (act of accepting): accepting, receiving, reception, approval
- (State of being accepted): acceptableness
- (commerce, assent and engagement of a bill of exchange): assent
Translations
receiving of something offered
(commerce) An assent and engagement by the person on whom a bill of exchange is drawn
|
An agreeing to terms or proposals
(law) An agreeing to the action of another
(US Government) The act of an authorized representative of the Government
(obsolete) acceptation
(Australia and New Zealand, plural) A list of horses accepted as starters in a race.
References
- acceptance in Webster’s Revised Unabridged Dictionary, G. & C. Merriam, 1913
- (legal, An agreeing to the action of another, by some act which binds the person in law): Mozley and Whitely, Law Dictionary:
- What acts shall amount to such an acceptance is often a question of great nicety and difficulty.