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 ?
In our case, conditional acceptance meant that the contractor got full payment and credit for an on-time delivery.
Looking at it from the other side, of those manuscripts for which we invited a revision (or offered conditional acceptance) after the first cycle, nearly 90 percent (70/78) that "stayed the course" were accepted.
The decision was made after Inamine and Nago Mayor Tateo Kishimoto announced earlier in December conditional acceptance of the relocation plan.
I am all at sea because my conditional acceptance was for a course that was all I have ever wanted to do.
The pastoral model under James I gained for the episcopal order what Fincham calls a conditional acceptance and measure of goodwill.
When a determination of liability is pending in the Examinations or Appeals divisions and an offer is made solely on doubt as to collectibility, the respective division secures the taxpayer's conditional acceptance of a definite amount of liability, and then the Collection Division considers the offer based on collectibility.
"An Empirical Methodology for the Ethical Assessment of Marketing Phenomena Such as Casino Gambling" Journal of the Academy of Marketing), in which University of Detroit professor Oswald Mascarenhas explains not only that gamblers are more favorably disposed toward gambling than non-gamblers ("teleological and deontological justifications of casino gambling were decisively low"), but that people look more favorably on gambling if they think they can get rich at it ("distributive justice related conditional acceptance of casino gambling was higher").
The Company has received conditional acceptance from the TSX Venture Exchange (the 'TSXV') to list on the TSXV the Common Shares to be distributed under the Final Prospectus.
This change was made for operational efficiency reasons, as the starts and revenues earned from conditional acceptance enrollments did not warrant the conditional acceptance policy to be continued.
So the tacit and conditional acceptance of this right is a satisfactory outcome for Turkey.
Peace Initiative Commission announced in Cairo its "conditional acceptance" of
Neither Netanyahu's conditional acceptance of the establishment of a Palestinian state, nor the partial understanding between Israel and Washington on the Iranian nuclear issue, are sufficient to avoid such a clash.