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acceptance

acceptance

16 8.7
A bill a bank signs to promise payment at a later date
  • noun
  • /əkˈsɛptəns/
  • Specialized
translation icon : aceptación bancaria
  • The bank issued a formal notice of acceptance after verifying the draft's details.

Examples

  • And we pay upon acceptance.

  • Please note that credit cannot be given for acceptances in other than a Class C exhibition.

    Academic text (1999)
  • Specific information about presentations, posters, and other requirements will be communicated to authors following acceptance.

    Academic text (2015)
  • Thirty-two manuscripts were accepted during the year, yielding an 18.2% acceptance rate.

    Academic text (2013)
  • Langley lobbied federal and state officials to oppose the acceptance of new trust lands for the Coushattas.

    Academic text (2017)
  • Once the seller received the buyer's acceptance, the transaction was considered finalized.

  • The client waited anxiously for the bank's acceptance of their loan application.

Synonyms

banker's acceptance
vsacceptance
  • Specialized
8.1

A written promise by a bank to pay a set amount on a future date

is drawn on a bank and shows the bank's agreement to pay at maturity
trade acceptance
vsacceptance
  • Specialized
8.0

A written promise by a buyer to pay the seller on a set date

relies on buyer's promise to pay rather than a bank guarantee

Antonyms

180 3.0

Not being accepted by people or a group

Compounds

Accepting yourself as you are, including your strengths and weaknesses

More approval or tolerance from many people in a group

Support and recognition of people who are transgender

acceptance sampling
  • Specialized
6.0

A method of checking a few items from a product batch to decide if the whole batch is good enough

banker's acceptance
  • Specialized
8.1

A written promise by a bank to pay a set amount on a future date

trade acceptance
  • Specialized
8.0

A written promise by a buyer to pay the seller on a set date

Surface Forms

acceptance singular
acceptances plural

Morphology

acceptance = accept (semi-transparent) = accept + ance

Formed from 'accept' + '-ance', but this is a specialised banking/financial sense that may not be inferable from the general verb meaning for average learners.

Etymology

Acceptance comes from old Latin parts ad- 'to' and capere 'to take', the same root as accept. In banking, an acceptance is when a bank 'takes' the promise to pay, so the bank agrees to be responsible for the payment.