[ac.cep.tance] n (1574) 1: an agreeing either expressly or by conduct to the act or offer of another so that a contract is concluded and the parties become legally bound
2: the quality or state of being accepted or acceptable
3: the act of accepting: the fact of being accepted: approval
4. a: the act of accepting a time draft or bill of exchange for payment when due according to the specified terms b: an accepted draft or bill of exchange
5: acceptation
2.