ACCEPTANCES Meaning and
Definition
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Acceptances refers to the act of agreeing to or acknowledging something. It specifically pertains to the act of accepting an offer, proposal, invitation, or a written document such as a contract, agreement, or letter. In the context of business, finance, and commerce, acceptances often refer to the formal agreement by which an individual or entity agrees to honor and pay a financial instrument, such as a bill of exchange, promissory note, or check.
In financial terms, acceptances primarily involve the acceptance of bills of exchange. This occurs when a drawee (the party that receives the bill) agrees in writing to pay the specified amount to the holder or payee (the party to whom the payment is due) once the bill matures. By providing their acceptance, the drawee legally commits to honoring the bill on the specified date, confirming their commitment to pay the amount indicated.
Acceptances can also be found in the field of college admissions, where applicants receive formal acceptance letters from universities or colleges confirming their admission to a particular program or institution.
Overall, acceptances connote formal approval, agreement, or consent to a specified offer or request. The acknowledgment of an acceptance often signifies the beginning of a binding legal or social relationship, with implications varying according to the specific context in which the term is used.
Top Common Misspellings for ACCEPTANCES *
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
Other Common Misspellings for ACCEPTANCES
Etymology of ACCEPTANCES
The word "acceptances" is derived from the Middle English word "acceptaunce", which was formed by adding the suffix "-aunce" (meaning action, state, or quality) to the verb "accept". The verb "accept" itself is borrowed from the Latin word "accipere", which is a combination of the prefix "ad-" (meaning to or towards) and the verb "capere" (meaning to take or seize). Therefore, the etymology of "acceptances" traces back to Latin, indicating the act or state of accepting something.
Similar spelling words for ACCEPTANCES
- acceptation,
- Acceptor Rna,
- acceptableness,
- acceptor,
- acceptance,
- acceptable,
- acceptive,
- accepting,
- accepted,
- acceptant,
- acceptability,
- acceptably.
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