Main Entry: ac·cep·tance

Pronunciation: \ik-ˈsep-tən(t)s, ak-\

Function: noun

Date: 1574

1 : an agreeing either expressly or by conduct to the act or offer of another so that a contract is concluded and the parties become legally bound
2 : the quality or state of being accepted or acceptable
3 : the act of accepting : the fact of being accepted : approval
4 a : the act of accepting a time draft or bill of exchange for payment when due according to the specified terms b : an accepted draft or bill of exchange
5 : acceptation 2