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.

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 periodicals archive ?
As a result, the acceptance condition has now been satisfied and the offer has become unconditional as to acceptances.
As a result, Hexagon owns, has received pre-acceptances and has, as of 24 January 2014, received acceptances for 16,955,765 shares, representing 51.2% of the total shares in Veripos.
An analytical evaluation is therefore required to examine the issues raised by internet communication relating to acceptance rules.
Google also said yesterday it is reviewing its options under the offer, including the right to withdraw it if, at the expiration of the acceptance period, it has achieved an acceptance level of less than 90% of the fully-diluted share capital of GIPS.
It has found growing acceptance among suppliers and contractors seeking to secure cash flow and reduce receivables.
this applicant sample was drawn to determine whether there were gender differences among applicants on such personal characteristics as age, race, and probability of acceptance for services.
As a result, the proposed regulations were withdrawn and the "final completion and acceptance" standard was restored.
The bid was conditional on receiving an acceptance level of over 50%.
The final number of Deutsche Brse shares tendered under the exchange offer during the acceptance period will be published pursuant to section 23 para.
Deutsche Wohnen had already secured acceptances from 78.57% of the target's shareholders by the end of the regular period on 31 October, thus satisfying the 75% minimum acceptance condition of the deal.
The original acceptance period expired on 21 December 2010 but it was then extended to 12 January 2011.
M2 EQUITYBITES-November 4, 2013-Deutsche Wohnen secures 78.57% in GSW by end of regular acceptance period(C)2013 M2 COMMUNICATIONS http://www.m2.com