Merriam-Webster Collegiate Dictionary - acceptance

 noun  Date: 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