Webster's English Dictionary

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acceptance

ac.cep.tance \ik-'sep-t*n(t)s, ak-\ n 1: the act of accepting : APPROVAL  
   2: the quality or state of being accepted or acceptable  3: an agreeing 
   either expressly or by conduct to the act or offer of anothe r so that a 
   contract is concluded and the parties become legally bound 4a: the act of 
   accepting a time draft or bill of exchange for payment when due according 
   to the specified terms 4b: an accepted draft or bill of exchange  5: 
   ACCEPTATION