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1. Bills of exchange.

To sign a bill of exchange as a formal acknowledgement of the obligation to honour it, effectively guaranteeing payment and thereby enhancing the credit quality of the bill.

The party that accepts the bill is usually a bank, or sometimes another high quality credit.

The party accepting the bill is known as the acceptor.

A bill of exchange that has been accepted in this way is known as an acceptance.

2. Payment systems.

To be willing and able to transact with customers in relation to a particular payment method.

For example, to accept card transactions.

3. Risk management - risk responses.

To knowingly retain a risk, or to agree to the transfer of risk from someone else to ourselves.

4. Law - negotiation - conciliation - mediation.

To agree to an offer or proposal.

See also