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.
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").
Our business focuses on helping property companies improve net operating income through strategic use of conditional acceptance terms for consumers with less than perfect credit, and helping those consumers gain access to housing by committing to a program that makes it easier for them to pay their rent reliably in a way that helps rebuild or establish credit.
So the tacit and conditional acceptance of this right is a satisfactory outcome for Turkey.
United announced their conditional acceptance of Barca's bid in a statement on the club's official website.
The first of these Greek-Turkish conferences, which deal with the whole spectrum of trade, business and economic relations, was held in Athens in April 2000, after Greece's conditional acceptance of Turkey as an EU candidate at the Helsinki summit in December 1999).
The decision was made after Inamine and Nago Mayor Tateo Kishimoto announced earlier in December their conditional acceptance of the relocation plan.
William placed Edinburgh at the top of his application list and has been given a conditional acceptance.
Pope Paul (again, I think) concluded he couldn't nuance a conditional acceptance and therefore fell back on unconditional rejection.
Students with high academic achievement from these high schools will be granted automatic conditional acceptance to Peirce during their final year and will qualify for a $1,500 annual scholarship, if they choose to enroll at Peirce.
The equipment for a period of fifteen (15) years from the date each Carborne/Wayside Kits Conditional Acceptance by the Authority.
Arab foreign ministers will meet Saturday to discuss a response to Syria's conditional acceptance of an Arab peace plan aimed at ending a crackdown on pro-democracy protesters, Egypt's MENA news agency said, citing an Arab diplomat.