Acceptance: Canada Debt .ca defines Acceptance

Bankruptcy Term Acceptance

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Canada Debt has the definition to the bankruptcy and debt term Acceptance. Finding answers to terms such as Acceptance can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Acceptance in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Acceptance' is used as follows:

The act of accepting something, usually a contract. For example, an offer is made to some person that that person buys certain goods for a certain amount of money. If the person to whom the offer is made agrees, then the offer is considered to be accepted.