Acceptance

Part of speech: noun (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. They shall come up with acceptance on mine altar. Isa. lx. 7.

2. State of being accepted; acceptableness. "Makes it assured of acceptance." Shak.

3. 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.

4. The bill itself when accepted.

5. 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.

6. An agreeing to the action of another, by some act which binds the person in law.

7. Meaning; acceptation. [Obs.] Acceptance of persons, partiality, favoritism. See under Accept.