Many people have been uttering and hearing the word “Acceptance” but not everybody that says the word really know the meaning of acceptance.
Here in “Aschoolz Dictionary” we will highlight you what acceptance means.
1570s, from Middle French acceptance, from accepter (see accept). The earlier word was acception (late 14c., accepcioun), from Latin acceptionem; it was common until c. 1700. Acceptation is from early 15c. as “action of taking or receiving what is offered,” 1590s as “state of being accepted.”
What Is an Acceptance?
An acceptance is a contractual agreement by an importer to pay the amount due for receiving goods at a specified date in the future. Documents are presented for acceptance in international trade. The buyer of the goods or importer agrees to pay the draft and writes “accepted,” or similar wording indicating acceptance. The buyer becomes the acceptor and is obligated to make the payment by the maturity date.
variable noun [oft poss NOUN]
Acceptance of an offer or a proposal is the act of saying yes to it or agreeing to it.
If there is acceptance of an idea, most people believe or agree that it is true.
Your acceptance of a situation, especially an unpleasant or difficult one, is an attitude or feeling that you cannot change it and that you must get used to it.
uncountable noun [usually with supplement]
If there is acceptance of a new product, people start to like it and get used to it.
Acceptance of someone into a group means beginning to think of them as part of the group and to act in a friendly way towards them.
the act of accepting or the state of being accepted or acceptable
favourable reception; approval
3. (often foll by of)
belief (in) or assent (to)
4. business a.
a formal agreement by a debtor to pay a draft, bill, etc
the document so accepted
5. (plural) Australian and New Zealand
a list of horses accepted as starters in a race.
6. contract law
words or conduct by which a person signifies his or her assent to the terms and conditions of an offer or agreement.