from
The Collaborative International Dictionary of English v.0.48
Acceptance \Ac*cept"ance\, n.
1. The act of accepting; a receiving what is offered, with
approbation, satisfaction, or acquiescence; esp.,
favorable reception; approval; as, the acceptance of a
gift, office, doctrine, etc.
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They shall come up with acceptance on mine altar.
--Isa. lx. 7.
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2. State of being accepted; acceptableness. "Makes it assured
of acceptance." --Shak.
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3. (Com.)
(a) An assent and engagement by the person on whom a bill
of exchange is drawn, to pay it when due according to
the terms of the acceptance.
(b) The bill itself when accepted.
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4. An agreeing to terms or proposals by which a bargain is
concluded and the parties are bound; the reception or
taking of a thing bought as that for which it was bought,
or as that agreed to be delivered, or the taking
possession as owner.
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5. (Law) An agreeing to the action of another, by some act
which binds the person in law.
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Note: What acts shall amount to such an acceptance is often a
question of great nicety and difficulty. --Mozley & W.
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Note: In modern law, proposal and acceptance are the
constituent elements into which all contracts are
resolved.
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{acceptance of a bill of exchange}, {acceptance of a check},
{acceptance of a draft}, or {acceptance of an order}, is an
engagement to pay it according to the terms. This
engagement is usually made by writing the word "accepted"
across the face of the bill.
{Acceptance of goods}, under the statute of frauds, is an
intelligent acceptance by a party knowing the nature of
the transaction.
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6. Meaning; acceptation. [Obs.]
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{Acceptance of persons}, partiality, favoritism. See under
{Accept}.
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