acceptance



acceptance defined in 1939 year

acceptance - Acceptance (Lat. accipere, to receive);
acceptance - In commerce, the completion of a transaction over a bill of exchange. The person who accepts such a bill does so by putting his signature and the word " accepted " across the face of the document, although by English law the signature alone is sufficient. In English law an acceptance may be either general or qualified. A qualified acceptance varies as to time and place of payment, etc., according to the conditions stated in the bill. A bill may be accepted after it has been dishonoured. See Bill of Exchange.

near acceptance in Knolik


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