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
- 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
- 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
- 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
- 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
- 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
- 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
- Building An Acceptance Chart
- 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...
- White papers 2003-01-01
- Ibis Technology Announces Final Customer Acceptance of Oxygen Implanter; SUMCO grants final acceptance for their first Ibis i2000 implanter, while their second i2000 prepares for factory acceptance testing at Ibis
- DANVERS, Mass. -- Ibis Technology Corporation (Nasdaq NM: IBIS), a leading provider of SIMOX-SOI implantation equipment to the worldwide semiconductor industry, today announced final customer acceptance of the Ibis i2000 oxygen implanter that was ordered by Sumitomo Mitsubishi Silicon Corporation SUMCO, the world's second largest silicon wafer manufacturer. The implanter...
- Research articles 2006-03-13
- First Acceptance Corporation Differentiates Operations from Iowa-Based Company; Tennessee Company Not Connected
- 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...
- Research articles 2005-01-11
- AUTO LENDER APPEALS IRS ADJUSTMENT: GOV'T DEMANDS $5 MILLION FROM CHICAGO ACCEPTANCE.
- WASHINGTON -- After Chicago Acceptance Corp. paid an affiliated company management fees, the firm and its owners found themselves with a $4.8- million tax bill. The owners, Alvin and Barbara Doppelt of Northbrook, as well as Chicago Acceptance and WASHINGTON -- After Chicago...
- Research articles 1998-11-16
- CIENA multi-service solutions achieve Rural Utilities Service Acceptance
- CIENA announced that the Rural Utilities Service RUS of the U.S. Department of Agriculture USDA has granted RUS Acceptance to CIENA's ONLINE EdgeTM multi-service platform and its DN 7000 series of multi-service edge switching solutions, which includes the DN 7000, DN 7050, DN 7100, and DN 7200 products. RUS...
- Research articles 2004-05-21
- World Wide Packets' LightningEdge Attains Rural Utilities Service Technical Acceptance; World Wide Packets Strengthens its Reach in Rural Communities with RUS Acceptance
- 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...
- Research articles 2006-03-13
- Lucent's optical networking products granted 'RUS acceptance' status.(Metropolis DMX multiplexor wins acceptance from the Rural Utilities Service branch of the United States Department of Agriculture)
- Lucent Technologies (NYSE:LU) has announced that two of its advanced optical networking systems have gained "RUS Acceptance" status from the Rural Utilities Service branch of the United States Department of Agriculture. This acceptance will enable third-party resellers and suppliers in the Lucent Advantage...
- Research articles 2002-09-09
- EC calls for greater cross-acceptance of trains
- 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...
- Research articles 2007-01-01
- NovAtel's SCS granted FCC type acceptance
- 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...
- Research articles 1991-09-12
