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 ?
Extends Offer for Shareholders Who Have Not Yet Submitted Acceptance
Check Point has decided to waive the minimum acceptance condition and complete the offer on the tendered shares and warrants as set forth in the offer document.
As a result of the receipt of acceptances representing more than 90 percent of the outstanding Senyuan shares, Eaton's offer price has increased from HK$1.
Thompson noted, "However, tools shipped remain in our deferred revenue, and we will report them in revenue upon customers' acceptance.
For US regulatory purposes, SERENA also announces that it reserves the right to reduce the number of acceptances (the "Minimum Percentage") required to fulfil the acceptance condition from 90 per cent.
At the close of the extended acceptance period, 93.
If Talisman AB reduces the percentage requirement for the acceptance condition, Talisman AB will hold the offer open for at least five business days following the reduction of the condition, however, withdrawal rights may not be available during this period.
These forward-looking statements should be read in conjunction with the Offering Memorandum and Solicitation of Consents and Acceptances and the related Letter of Transmittal, Consent and Acceptances which contains information which more fully describes additional factors that could cause actual results to differ materially from those projected in any forward-looking statements.
As previously announced the offer has been extended and will remain open for acceptance (and withdrawal) until 3:00 p.
The consideration payable to accepting Perpetual Shareholders will be dispatched within 14 days of today's date in respect of acceptances received by that date which are valid and complete in all respects, and within 14 days of the date of receipt in respect of any further acceptances which are received after today's date and which are valid and complete in all respects.
AMVESCAP (NYSE:AVZ) announces that the recommended cash and share offer for Perpetual has become unconditional as to acceptances and will remain open for acceptance until further notice.