Ae-cēpt'ance, n.

n. 1. The act of accepting; a receiving with approbation or satisfaction; favorable reception; as, work done to acceptance. They shall come up with acceptance on my altar. Isa. lx. 7.

2. (Com.) (a.) 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. (b.) The bill itself when accepted.
3. An agreeing to terms or proposals by which a bargain is concluded and the parties bound; the receipt or taking of a thing bought as that for which it was purchased, or as that agreed to be sent or delivered, or as owner.
4. (Law.) An agreeing to the act or contract of another, by some act which binds the person in law; as, a bishop's taking rent reserved on a lease, made by his predecessor, is an acceptance of the terms of the lease, and binds the party.
5. The sense in which a word or expression is understood; signification; meaning; acceptation. [Obs.] See ACCEPTATION.