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ACCEPTANCE

Volume 1 · 77 words · 1771 Edition

in Scots law, denotes either a person's admitting his subscription to a bill or draught, by which he subjects himself to the payment of it; or accepting or agreeing to offers made in bargaining, by which the bargain is concluded.

in the church of Rome, is put for receiving the Pope's constitutions.

in commerce, is the subscribing, signing, and making one's self debtor for the sum contained in a bill of exchange, or other obligation. See Bills.