the signature on a bill of exchange, indicating that the drawee (the person to whom it is addressed) will pay the face amount of the bill on the due date
Wiktionary Definition for: Acceptance
#The act of accepting; a receiving what is offered, with approbation, satisfaction, or acquiescence; esp., favorable reception; approval; as, the ''acceptance'' of a gift, office, doctrine, etc.
Ex:'''Quotation'''
Ex:*They shall come up with ''acceptance'' on mine altar. - ''Isaiah 60:7''
#State of being accepted; acceptableness.
Ex:'''Quotation'''
Ex:*Makes it assured of ''acceptance''. - Shakespeare: ''Rape of Lucrece''
#''(Commerce):'' An assent and engagement by the person on whom a bill of exchange is drawn, to pay it when due according to the terms of the acceptance.
#''(Commerce):'': The bill itself when accepted.
#An agreeing to terms or proposals by which a bargain is concluded and the parties are bound; the reception or taking of a thing bought as that for which it was bought, or as that agreed to be delivered, or the taking possession as owner.
#''(Law)'' An agreeing to the action of another, by some act which binds the person in law.
Ex:'''Notes'''
Ex:*What acts shall amount to such an ''acceptance'' is often a question of great nicety and difficulty. - Mozley and Whitely: ''Law Dictionary''
Ex:*In modern law, ''proposal'' and ''acceptance'' are the constituent elements into which all contracts are resolved.
#''(US Government)'' The act of an authorized representative of the Government by which the Government assents to ownership by it of existing and identified supplies, or approves specific services rendered, as partial or complete performance of a contract.
Ex:'''Derived phrases'''
Ex:*'''Acceptance of a bill of exchange''', '''check''', '''draft''', or '''order''', is an engagement to pay it according to the terms. This engagement is usually made by writing the word "accepted" across the face of the bill.
Ex:*'''Acceptance of goods''', under the statute of frauds, is an intelligent acceptance by a party knowing the nature of the transaction.
#'' Obsolete :'' acceptation
Ex:'''Derived phrase'''
Ex:*'''Acceptance of persons''', partiality, favoritism. See under accept.
OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating of B Fair for First Acceptance Insurance Company, Inc. and separately-rated First Acceptance Insurance Company of Georgia, Inc., both members of the First Acceptance Insurance Group First Acceptance (Grand Prairie, TX). The rating outlook is stable.
LITTLE DID I KNOW THAT, when I received my acceptance leter from Western Michigan University on October 21, 1989, as a 17-year-old, there would be more to this letter than just my welcome into college. I am probably among few people worldwide who has kept his college acceptance letter...
Please KILL BW0086, (MI-CREDIT-ACCEPTANCE) Credit Acceptance Corp. Reports Third Quarter Results, which ran on Business Wire at 8:41 ET on 10/22/1999. Also KILL the CORRECTION, BW0108, (CQN-MI-CREDIT-ACCEPTANCE) Correcting Credit Acceptance Corp.'s Ratio of Total Balance Sheet Debt to Shareholders' Equity; Decreased From .90 to .61 Sted 90 Cents to...
NEW measures aimed at simplifying operation of trains between different countries are being proposed by the European Commission EC. A key priority is a change in the law to make cross-acceptance of rolling stock easier. Among the examples of contradictory legislation quoted is that of fire extinguishers, which in...
What is acceptance testing? Field acceptance testing is formally recognized in industry standards covering major electrical equipment, such as those produced by the American National Standards Institute ANSI, the Institute of Electrical and Electronic Engineers IEEE, and the National Electrical Manufacturers Association NEMA. In general, acceptance testing under these standards...
Academy Awards come and go, but one thing is a constant: bad acceptance speeches. You may never win an Academy Award, but you may be asked to give an acceptance speech for an accomplishment in your business, your career, your community, or your organization. Sometimes your acceptance speech will be...
NASHVILLE, Tenn. -- First Acceptance Corporation (NYSE:FAC), whose insurance subsidiaries provide non-standard private passenger automobile insurance and operate in many states under the trade name "Acceptance Insurance", said today "it is not affiliated nor involved in any manner" with Iowa-based Acceptance Insurance Companies Inc. ("AICI"), which filed for reorganization under...
SOUTHFIELD, Mich.--BUSINESS WIRE--Oct. 17, 1995--Credit Acceptance Corp. announced today that it resolved its copyright infringement lawsuit against National Auto Credit to the mutual satisfaction of both companies.National Auto Credit has acknowledged that Credit Acceptance Corp. has valid copyrights for its financing program materials. Other terms of the resolution will remain...
DENVER -- TeleCheck Services, Inc., a leading check acceptance company and subsidiary of First Data Corp., today announced it has reached an agreement to offer TeleCheck Electronic Check Acceptance[R] (ECA[R]) Warranty service at Meijer Supercenters in Michigan, Illinois, Indiana, Kentucky and Ohio.
Alberta, Canada-based, NovAtel Communications Inc. has received type acceptance from the FCC and certification from the Canadian Department of Communications DOC for its Supplementary Cellular System SCS. The type acceptance was granted July 23. Previously, NovAtel received notice from the FCC to either file for type acceptance or loose the...
There are some processes that, due to their nature, are expected to have unavoidable shifts in their average value but which are still able to satisfy customer-established specifications. This situation occurs when the standard deviation of the process at the various average values of the process is very small relative...
KANSAS CITY, Mo.--BUSINESS WIRE--May 22, 1995--CenCor Inc. announced Monday that Century Acceptance Corp., its sole operating subsidiary, has agreed to sell its consumer finance business to Fidelity Acceptance Corp., a subsidiary of the Bank of Boston Corp.Under the terms of the agreement, substantially all of Century's assets will be sold...
Byline: Brent Snavely The Nasdaq National Market notified Southfield-based Credit Acceptance Corp. that the company's stock was delisted before the market opened Wednesday. Credit Acceptance (Nasdaq: CACCE) said in a statement Tuesday that it h Byline: Brent Snavely ...
SPOKANE VALLEY, Wash. -- World Wide Packets, a leading provider of Carrier Ethernet solutions, today announced that its LightningEdgeR suite has received technical acceptance from the Rural Utilities Service RUS. The technical acceptance, granted by the United States Department of Agriculture, authorizes independent telephone and utility companies to purchase World...
Acceptance Insurance Companies, Inc. and Millers American Group, Inc. announced that they have reached a definitive agreement in which Omaha, Neb.-based Acceptance will sell its nonstandard automobile business, including Phoenix Indemnity Insurance C Acceptance Insurance Companies, Inc. and Millers American Group, Inc. announced that they...
EDMONTON, ALBERTA, APR 9, 2001 Luscar Ltd. welcomes the Government of Canada's acceptance of the recommendation to approve the Cheviot mine. The federal acceptance follows the approval and issuance of the mine permit by the Alberta government in December 2000. All the government approvals...
