1. drawee's promise to pay either a TIME DRAFT or SIGHT DRAFT. Typically, the acceptor signs his name after writing "accepted" on the bill along with the date. Instead of "accepted," similar wording indicating an intention to pay would also suffice to show a desire to honor the bill at maturity. An acceptance of a bill in effect makes it a PROMISSORY NOTE: the acceptor is the maker and the drawer is the endorser.
2. BANKER'S ACCEPTANCE.
3. binding contract effected when one party to a business arrangement accepts the offer of another. Acceptance may be in written or oral form.drawee's promise to pay either a TIME DRAFT or SIGHT DRAFT. Typically, the acceptor signs his name after writing "accepted" on the bill along with the date. Instead of "accepted," similar wording indicating an intention to pay would also suffice to show a desire to honor the bill at maturity. An acceptance of a bill in effect makes it a PROMISSORY NOTE: the acceptor is the maker and the drawer is the endorser.

1. the act of signing a bill of exchange to show that you agree to pay it  to present a bill for acceptance to present a bill for payment by the person who has accepted it 2. a bill which has been accepted 3. the act of accepting
an offer of new shares for which you have applied