ac·cept·ance
[ak-sep-tuh ns]
–noun
1.the act of taking or receiving something offered.
2.favorable reception; approval; favor.
3.the act of assenting or believing: acceptance of a theory.
4.the fact or state of being accepted or acceptable.
5. acceptation ( def. 1 ) .
6.Commerce .
a.an engagement to pay an order, draft, or bill of exchange when it becomes due, as by the person on whom it is drawn.
b.an order, draft, etc., that a person or bank has accepted as calling for payment and has thus promised to pay.