For Acceptance we have terms and definitions in 11 topics. The topics are Accounting, Canadian Law, Developmental Psychology, Finance, Foreclosure, Insolvency, Law, Legal, Logistics, Purchasing A Home and Real Estate.

Acceptance (Accounting)

is a drawee's promise to pay either a TIME DRAFT or SIGHT DRAFT. Normallythe acceptor signs his/her name after writing "accepted" (or some other words indicating acceptance) on the bill along with the date. That "acceptance" effectively makes the bill a promissory notei.e. the acceptor is the maker and the drawer is the endorser.

Acceptance (Canadian Law)

One of three requisites to a valid contract under common law (the other two being an offer and consideration). A contract is a legally binding agreement between two or more parties which starts with an offer from one person but which does not become a contract until the other party signifies an unequivocal willingness to accept the terms of that offer. The moment of acceptance is the moment from which a contract is said to exist, and not before. Acceptance need not always be direct and can, in certain circumstances, be implied by conduct (see acquiescence below).

Acceptance (Developmental Psychology)

One of Elisabeth Kubler-Ross's stages of dying, in which the dying come to terms with their approaching death.

Acceptance (Finance)

Contractual agreement instigated when the drawee of a time draft "accepts" the draft by writing the word "accepted" thereon. The drawee assumes responsibility as the acceptor and for payment at maturity. See: Letter of credit and banker's acceptance.

Acceptance (Foreclosure)

The written approval made by the seller from a buyer's offer.

Acceptance (Insolvency)

The act of accepting something, usually a contract. For example, an offer is made to some person that that person buys certain goods for a certain amount of money. If the person to whom the offer is made agrees, then the offer is considered to be accepted.

Acceptance (Law)

The taking and receiving of anything in good faith with the intention of retaining it.

Acceptance (Legal)

The taking and receiving of anything in good faith with the intention of retaining it.

Acceptance (Logistics)

A time draft (or bill of exchange) that the drawee (payer) has accepted and is unconditionally obligated to pay at maturity. - Broadly speaking, any agreement to purchase goods under specified terms.

Acceptance (Purchasing A Home)

An offeree’s consent to enter into a contract and be bound by the terms of the offer.

Acceptance (Real Estate)

A legal term referring to the acceptance of an offer. A buyer offers to buy and the seller accepts the offer.

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