Acceptance 2
Acceptance 2 : (1) Acknowledged receipt by consignee of a shipment terminating the common carrier's contract. (2) A promise to pay usually evidenced by inscribing across the face of the bill "accepted", followed by the date, the place payable and the acceptor's signature. (Broadly speaking, any agreement to purchase goods under specified terms. An agreement to purchase goods at a state price and under stated terms.)
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