BNET Business Dictionary
Business Definition for: Acceptance
- 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.
Additional Resources
- KILL BW0086, MI-CREDIT-ACCEPTANCE and KILL BW0108, CQN-MI-CREDIT-ACCEPTANCE
- 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...
- Research articles 1999-10-22
- Acceptance Insurance Companies Inc. and Clarendon Insurance Group Close Sale of Redland Insurance Company
- Business Editors OMAHA, Neb. and NEW YORK--BUSINESS WIRE--July 28, 2000 Acceptance Insurance Companies Inc. (NYSE: AIF) and Clarendon Insurance Group today completed Clarendon's purchase from Acceptance of Redland Insurance Company. As previously announced, Acceptance retained all Redland assets associated with its crop insurance operations, as well as...
- Research articles 2000-07-28
- S&P Places Acceptance Insurance Cos. Rtgs on WatchNeg
- Business Editors NEW YORK--BUSINESS WIRE--Standard & Poor's May 31, 2001-- Standard & Poor's today placed its ratings on Acceptance Insurance Companies Inc. Acceptance and Acceptance's operating subsidiaries see list on CreditWatch with negative implications. Standard & Poor's took this rating action because of Acceptance's substantial consolidated net...
- Research articles 2001-05-31
- Credit Acceptance delisted.(Credit Acceptance Corp stocks not listed)(Brief Article)
- 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 ...
- Research articles 2005-07-25
- Acceptance Sells Phoenix Indemnity.(Acceptance Insurance Companies, Inc. and Millers American Group, Inc.)(Brief Article)
- 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...
- Research articles 1999-05-31
- Auto lender holds road. (Credit Acceptance Corp.)
- Credit Acceptance steady in rocky industry Credit Acceptance Corp.'s stock is still struggling, but the company is still able to sell debt on the open market. The Southfield-based specialty auto finance company raised $71.75 million in a sale of unsecCredit Acceptance steady in rocky industry ...
- Research articles 1997-04-14
- Lend them some luck? Delayed report, suit smack Credit Acceptance. (Credit Acceptance Corp)
- Delayed report, suit smack Credit Acceptance The tough times continue for Credit Acceptance Corp. (Nasdaq: CACC). The South field specialty auto-finance company said last Wednesday that its 1997 earnings statement would be delayed because its auditors,Delayed report, suit smack Credit Acceptance The tough times continue for...
- Research articles 1998-02-02
- Advance Acceptance
- Having served the 0PE industry for more than 30 years, Advance Acceptance offers a full line of commercial loan and leasing options, including seasonal and municipal leases, with competitive rates and prompt turnaround. Advance Acceptance concentrates on making the process fast and friendly for dealers and their customers. That means...
- Research articles 2007-04-01
- Advance Acceptance
- Having served the OPE industry for more than 30 years, Advance Acceptance offers a full line of commercial loan and leasing options, including seasonal and municipal leases, with competitive rates and prompt turnaround. Advance Acceptance concentrates on making the process fast and friendly for dealers and their customers. That means...
- Research articles 2008-01-01
- Advance Acceptance
- Advance Acceptance serves the outdoor power equipment industry by offering competitive lease and finance options to commercial customers. Advance Acceptance allows customers to stay within their budget with fixed payments and fixed terms--no surprises. Seasonal and deferred payment plans are available. As leasing specialists with more than 35 years of...
- Research articles 2009-02-01
- Acceptance by email and the postal acceptance rule.
- Byline: Alan Davidson Jan 29, 2007 (Proctor - ABIX via COMTEX) -- Courts have been reluctant to extend the principle of postal acceptance to electronic forms of communication. Generally speaking, four approaches are possible: the postal acceptance rule does not apply to electronic...
- Research articles 2007-01-29
- A.M. Best Affirms Rating of First Acceptance Insurance Group; Assigns Issuer Credit Ratings
- 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.
- Research articles 2006-12-13
- The admissions archive: a symbolic acceptance letter: an admissions director compares his college acceptance letter to what students receive today
- 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...
- Research articles 2007-02-01
- Credit Acceptance Corp. resolves copyright infringement lawsuit against National Auto Credit
- 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...
- Research articles 1995-10-17
- Underwriters Laboratories Inc. (UL) and the Canadian Standards Association International (CSA) signed an agreement to develop a mutual component acceptance program that provides acceptance of components used in end-products submitted to UL or CSA for cert
- * Underwriters Laboratories Inc. UL and the Canadian Standards Association International CSA signed an agreement to develop a mutual component acceptance program that provides acceptance of components used in end-products submitted to UL or CSA for certification/listing. Therefore, each organization will accept the other's certification ...
- Research articles 2004-03-01
- New Web site helps dealerships find vehicles.(News)(Credit Acceptance Corp.)(Brief Article)
- Byline: Arlena Sawyers Dealerships that work with Credit Acceptance Corp. soon will have access to a new Web-based system that will help them find specific used vehicles more quickly. ADESA Inc., the nation's No. 2 wholesale auto auction company, is building...
- Research articles 2005-01-31
- Acceptance Insurance Companies Inc. Announces Voluntary Filing for Reorganization under Chapter 11
- COUNCIL BLUFFS, Iowa -- Acceptance Insurance Companies Inc. ("AICI"), the parent company of Acceptance Insurance Company, filed a voluntary petition for reorganization under Chapter 11 of the United States Bankruptcy Code (the "Bankruptcy Code") in the United States Bankruptcy Court for the District of Nebraska (the "Bankruptcy Court") on January...
- Research articles 2005-01-07
- Trade Alert for Asset Acceptance Capital Corp.
- M2 PRESSWIRE-25 April 2007-Large Cap News: Trade Alert for Asset Acceptance Capital CorpC1994-2007 M2 COMMUNICATIONS LTD RDATE:25042007 Trade Alert for Asset Acceptance Capital Corp (NASDAQ:AACC) Asset Acceptance Capital Corp. engages in the purchase and collection of defaulted or charged-off...
- Research articles 2007-04-25
- Bellwether Report .com Acknowledges Asset Acceptance Capital Corp.
- M2 PRESSWIRE-8 August 2006-bellwetherreport.com: Bellwether Report .com Acknowledges Asset Acceptance Capital CorpC1994-2006 M2 COMMUNICATIONS LTD RDATE:08082006 The Bellwether Report Takes Notice of Asset Acceptance Capital Corp (Nasdaq:AACC) Asset Acceptance Capital tries to help creditors accept the things ...
- Research articles 2006-08-08
- World Acceptance Corp. Opens Second Rock Hill, S.C., Office.(Originated from The Herald, Rock Hill, S.C.)
- Jun. 6--A new World Acceptance Corp. office in Rock Hill is still a World Acceptance office, but goes by another name. The Greenville-based company dedicated its second Rock Hill office Wednesday, with Mayor Pro Tem Osbey Roddey cutting the ribbon at the 406 W. Oakland Ave....
- Research articles 1996-06-06
