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acceptance |
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Acceptance 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.
acceptance (1) The act of receiving something with the intention of retaining it.Transfer of title to real estate requires acceptance of the title.(One cannot secretly deed a toxic waste site to an enemy in hopes that the Environmental Protection Agency will make that person handle the cleanup.) (2) The act of agreeing to the terms and conditions of an offer,creating a contract by virtue of the acceptance. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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It's three days of absolute acceptance," Kant said. Respecting his claims of absolute acceptance of Church doctrine, some of his students and friends in the Church defended his orthodoxy. If, however, you listen to and read what our own servants are saying, you have to ask yourselves the questions: Where is their absolute acceptance of the will of the people? |
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