acceptance


acceptance
A time draft that has been accepted for payment.
See banker's acceptance. American Banker Glossary
————
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. Bloomberg Financial Dictionary
See: letter of credit and banker's acceptance. Bloomberg Financial Dictionary

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acceptance ac‧cept‧ance [əkˈseptəns] noun
1. [uncountable] taking or agreeing to take something offered:

• Indonesia's acceptance of aid from western countries

2. [uncountable] when someone accepts a plan, idea, agreement etc:

• A judge can force acceptance of a bankruptcy plan.

3. COMMERCE [uncountable] when a buyer agrees to take goods from a seller and must therefore pay for them
4. [uncountable] MARKETING the willingness of people to buy a product, especially a new or changed product:

• The company's earnings have fallen in the last four years owing to poor acceptance of new products.

• The key issue driving consumer acceptance of this technology is pricing.

5. [countable] FINANCE in a takeover, agreement by individual shareholders to the offer:

• The takeover offer has received acceptances from shareholders representing 160 million shares.

6. [countable, uncountable] BANKING agreement to pay a bill of exchange, the words on a bill showing this agreement, or the accepted bill itself:

Bankers' acceptances require actual certificates to be delivered the same day.

ˌpartial acˈceptance [countable usually singular] BANKING
agreement by someone to pay part of the value of a bill of exchange, with other acceptors responsible for paying the rest

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acceptance UK US /əkˈseptəns/ noun
[U] the act of agreeing to something such as an offer or invitation: »

The board has recommended acceptance of the offer.

»

On acceptance of the proposal, a draft agreement will be sent to both parties.

[U] COMMERCE, LAW the act of formally agreeing to buy or sell goods at a particular price or to use something in a particular way: »

We will confirm acceptance of your order by email.

»

A formal letter of acceptance is sent to the successful supplier.

»

Placing of an order constitutes acceptance of our terms and conditions.

[U] MARKETING willingness of people to use a new product or service or to believe a new idea: gain/find/win acceptance »

These devices are gaining acceptance within the marketplace.

consumer/customer/public acceptance »

The project aims to assess consumer acceptance of GM foods.

[C] FINANCE an agreement by a shareholder to sell their shares to another company during a takeover: »

The bidding company has received acceptances in respect of 73.27% of the issued shares.

[C or U] FINANCE an act of agreeing to pay a bill of exchange (= a written order to pay someone a particular amount of money) by writing your name on the document, or the document itself: »

In essence, an acceptance is a promise to pay.

[U] INSURANCE an agreement or contract between an insurance company and a customer to provide insurance: »

This life insurance plan offers guaranteed acceptance for the over 50s.

[U] IT, PRODUCTION approval of a new machine, computer system, etc. after testing it to check that it works correctly: »

A number of acceptance tests were performed.

See also BANKER'S ACCEPTANCE(Cf. ↑banker's acceptance), DOCUMENTS AGAINST ACCEPTANCE(Cf. ↑documents against acceptance), NON-ACCEPTANCE(Cf. ↑non-acceptance), USER ACCEPTANCE TEST(Cf. ↑user acceptance test)

Financial and business terms. 2012.

Synonyms:

Look at other dictionaries:

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  • Acceptance — Acceptance, in spirituality, mindfulness, and human psychology, usually refers to the experience of a situation without an intention to change that situation. Indeed, acceptance is often suggested when a situation is both disliked and… …   Wikipedia

  • Acceptance — • In canon law, the act by which one receives a thing with approbation or satisfaction Catholic Encyclopedia. Kevin Knight. 2006. Acceptance     Acceptance      …   Catholic encyclopedia

  • 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. [1913 Webster] They shall come up… …   The Collaborative International Dictionary of English

  • acceptance — acceptance, acceptation have both at one time or another carried the meanings: the act or fact of accepting or the state of being accepted. Present usage, however, restricts their denotations. Acceptance only is used to denote the act of… …   New Dictionary of Synonyms

  • acceptance — [ak sep′təns, əksep′təns] n. 1. an accepting or being accepted 2. approving reception; approval; acceptability 3. belief in; assent 4. a draft or bill of exchange that has been accepted for payment: cf. BANKER S ACCEPTANCE, TRADE ACCEPTANCE 5.… …   English World dictionary

  • Acceptance — Episodio de Héroes Episodio nº 3 Temporada 4 Escrito por Bryan Fuller Dirigido por Greg Beeman …   Wikipedia Español

  • acceptance — (n.) 1570s, from M.Fr. acceptance, from accepter (see ACCEPT (Cf. accept)). Earlier in same sense was acceptation (late 14c.) …   Etymology dictionary

  • acceptance — [n1] agreement, taking accepting, acknowledgment, acquiring, admission, approval, assent, compliance, consent, cooperation, gaining, getting, go ahead*, green light*, nod*, obtaining, okay, permission, receipt, receiving, reception, recognition,… …   New thesaurus

  • Acceptance — Allgemeine Informationen Genre(s) Alternative Rock Gründung 1998 Auflösung 2006 Website …   Deutsch Wikipedia

  • acceptance — The act of accepting something, usually a contract. For example, an offer is made to some person that that person buys certain goods for a certain amount of money. If the person to whom the offer is made agrees, then the offer is considered to be …   Glossary of Bankruptcy


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