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 bound2: the quality or state of being accepted or acceptable3: the act of accepting : the fact of being accepted : approval4 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 exchange5: acceptation 2