Source : Webster's Revised Unabridged Dictionary (1913)

Acceptance \Ac*cept"ance\, n.
   1. The act of accepting; a receiving what is offered, with
      approbation, satisfaction, or acquiescence; esp.,
      favorable reception; approval; as, the acceptance of a
      gift, office, doctrine, etc.

            They shall come up with acceptance on mine altar.
                                                  --Isa. lx. 7.

   2. State of being accepted; acceptableness. ``Makes it
      assured of acceptance.'' --Shak.

   3. (Com.)
      (a) An assent and engagement by the person on whom a bill
          of exchange is drawn, to pay it when due according to
          the terms of the acceptance.
      (b) The bill itself when accepted.

   4. An agreeing to terms or proposals by which a bargain is
      concluded and the parties are bound; the reception or
      taking of a thing bought as that for which it was bought,
      or as that agreed to be delivered, or the taking
      possession as owner.

   5. (Law) An agreeing to the action of another, by some act
      which binds the person in law.

   Note: What acts shall amount to such an acceptance is often a
         question of great nicety and difficulty. --Mozley & W.

Source : WordNet®

acceptance
     n 1: the mental attitude that something is believable and should
          be accepted as true; "he gave credence to the gossip";
          "acceptance of Newtonian mechanics was unquestioned for
          200 years" [syn: {credence}]
     2: the act of accepting with approval; favorable reception;
        "its adoption by society"; "the proposal found wide
        acceptance" [syn: {adoption}, {acceptation}, {espousal}]
     3: the state of being acceptable and accepted; "torn jeans
        received no acceptance at the country club" [ant: {rejection}]
     4: (contract law) words signifying consent to the terms of an
        offer (thereby creating a contract)
     5: banking: a time draft drawn on and accepted by a bank [syn:
        {banker's acceptance}]
     6: a disposition to tolerate or accept people or situations;
        "all people should practice toleration and live together
        in peace" [syn: {toleration}, {sufferance}]
     7: the act of taking something that is offered; "her acceptance
        of the gift encouraged him"; "he anticipated their
        acceptance of his offer"