acceptance legal definition

The act of voluntarily agreeing, expressly or by implication, to the terms of an offer, thereby creating a contract. However, if the act modifies or adds to the terms of the offer, it is not an acceptance, but a counteroffer. See also offer.

To accept delivery of property or to otherwise agree, expressly or by implication, to become its owner, either in exchange for the performance of a contractual obligation or the completion of an inter vivos gift. See also contract and gift.

The receipt of a check or other negotiable instrument by a bank or another drawee.