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.