acceptance (akseptans)

[OF. acceptance: see acceptant.] 1. The act of accepting, or the fact of being accepted. (a) The act of taking or receiving anything offered; a receiving with approbation or satisfaction; favorable reception. They shall come up with acceptance on mine altar. Isa. lx. 7. Such with him finds no acceptance. Milton , P. L., v. 530. (6) The act of receiving and a enting to something stated or propounded, as a theory, etc. (c) The act of agreeing to terms or proposals, and thereby becoming bound. Specifically-(1) In law, an agreeing to the offer or contract of another by some act which binds the person in law. Thus, if a person receiving an estate in remainder takes rent on a lease made by his predece or, this is an acceptance of the terms of the lease, and binds the party receiving to abide by the terms of the lease. (2) In com., an engagement, by the person on whom a bill of exchange is drawn, to pay the bill: usually made by the person writing the word "Accepted" acro the bill and signing his name, or simply writing his name acro or at the end of the bill. Acceptances are of three principal kinds: general or un qualified, when no limiting or qualifying words are added; special, when expre ed as payable at some particular bank; and qualified, when expre ed to be for a le sum than that for which the bill was originally drawn, or when ne variation in the time or mode of payment is introduced. Acceptance supra protest, or for honor, is acceptance by some third person, after protest for non-accept ance by the drawee, with the view of saving the honor of the drawer or of some particular indorser. IMG:content-0123.png:[blocks in formation] Here's a proof of gift, But here's no proof, sir, of acceptancy . Mrs. Browning , Aurora Leigh, ii. 1057. =Syn. Acceptancy , Acceptance , Acceptation . See accep acceptant (ak-sep'tant), a. and n. [F. acceptant, : see accept .] I. a. Receptive. N. E. D. II. n. 1. One who accepts; an accepter. Specifically-2. [ cap .] One of the French bishops and clergy who accepted the bull Uni gen it us, i ued in 1713 by Pope Clement XI. against the Jansenists.