acceptance

(redirected from acceptances)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia, Wikipedia.

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.

Banker's Acceptance

Short-term debt obligations that are secured by banks. That is, a bank promises to pay a creditor if a borrower defaults. It is also called a documented discount note.

acceptance

acceptance

see CONTRACT.

acceptance

the process of guaranteeing a loan, which takes the form of a BILL OF EXCHANGE that will be repaid even if the original borrower is unable to pay. This is done by a commercial institution which signs, that it ‘accepts’, the bill drawn up by the borrower in return for a fee. See ACCEPTING HOUSE.

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.

References in classic literature ?
If such a creature were, by its own process of metabolism, to change much of its bulk for intellectual growth, we should at once arrive at a new class of creature--more dangerous, perhaps, than the world has ever had any experience of--a force which can think, which has no soul and no morals, and therefore no acceptance of responsibility.
And yet--there was a rebellious spirit in her which wondered whether the acceptance might not have been less delicate and more beautiful.
I beg to lay the 'ouse in Walcot Square, the business, and myself before Miss Summerson for her acceptance.
Casaubon's coat-sleeve, or to have caressed his shoe-latchet, if he would have made any other sign of acceptance than pronouncing her, with his unfailing propriety, to be of a most affectionate and truly feminine nature, indicating at the same time by politely reaching a chair for her that he regarded these manifestations as rather crude and startling.
If the latter, the refusal was to be expressed so delicately that it would be next best thing to acceptance, and he would go away, after kissing her hand, assuring her of his unalterable, life-long devotion.
In my later and more tolerant years I had been unenthusiastic in my acceptance of it as an inevitable social phenomenon.
It was quite evident he had had little doubt of my acceptance, and no idea of a positive denial.
Indeed, then," said the lady, "I will most readily propose your lordship to her father; and I can, I believe, assure you of his joyful acceptance of the proposal; but there is a bar, which I am almost ashamed to mention; and yet it is one you will never be able to conquer.
But such an argument evidently found no acceptance with Monsieur Robert Darzac.
Campbell and myself would be blithe of your acceptance.
Idiotic propositions of a parallel nature have been freely offered for my acceptance, and I have been called upon to admit that I would give Poor Law relief to anybody, anywhere, anyhow.
Deane went on speaking; he was conscious of something he had in his mind to say, which might not be agreeable to his uncle, simply because it was a new suggestion rather than an acceptance of the proposition he foresaw.