›[U]the act of agreeing to something such as an offer or invitation: The board has recommended acceptance of the offer.On acceptance of the proposal, a draft agreement will be sent to both parties.
›[U]COMMERCE, LAWthe act of formally agreeing to buy or sell goods at a particular price or to use something in a particular way: We will confirm acceptance of your order by email.A formal letter of acceptance is sent to the successful supplier.Placing of an order constitutes acceptance of our terms and conditions.
›[U]MARKETINGwillingness of people to use a new product or service or to believe a new idea: gain/find/win acceptanceThese devices are gaining acceptance within the marketplace.consumer/customer/public acceptanceThe project aims to assess consumer acceptance of GM foods.
›[C]FINANCEan agreement by a shareholder to sell their shares to another company during a takeover: The bidding company has received acceptances in respect of 73.27% of the issued shares.
›[C or U]FINANCEan act of agreeing to pay a bill of exchange (= a written order to pay someone a particular amount of money) by writing your name on the document, or the document itself: In essence, an acceptance is a promise to pay.
›[U]INSURANCEan agreement or contract between an insurance company and a customer to provide insurance: This life insurance plan offers guaranteed acceptance for the over 50s.
›[U]IT, PRODUCTIONapproval of a new machine, computer system, etc. after testing it to check that it works correctly: A number of acceptance tests were performed.