acceptance
- noun
- /əkˈsɛptəns/
- Specialized
- The bank issued a formal notice of acceptance after verifying the draft's details.
Examples
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And we pay upon acceptance.
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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.
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The client waited anxiously for the bank's acceptance of their loan application.
Synonyms
A written promise by a bank to pay a set amount on a future date
A written promise by a buyer to pay the seller on a set date
Antonyms
Compounds
- Specialized
A method of checking a few items from a product batch to decide if the whole batch is good enough
- Specialized
A written promise by a bank to pay a set amount on a future date
Surface Forms
Morphology
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.