Acceptance

⭐⭐⭐⭐⭐
noun, neuter (legal / financial / administrative)

Definition

Formal consent, official approval, or written assent granted for the execution of a legal, administrative, or commercial act. In the financial and banking field, the term designates the obligation that the drawee assumes by signing a bill of exchange, guaranteeing that payment will be made at maturity.

Bilingual Equivalents

  • Acceptance
  • Consent

Grammatical & Source Details

Inflection Type Neuter noun with standard structural variations. Plural form: accepte.
Formation Modern neologistic borrowing adapted from French 'accept' and German 'Akzept'.
Spelling / Pronunciation [ak.ˈt͡ʃept]
Source Dictionary of Banking, Financial Operations, and Commercial Law Codes

Contextual Usage Examples

RO: Directorul băncii și-a dat acceptul pentru acordarea creditului ipotecar solicitat de companie.

EN: The bank director gave his acceptance for granting the mortgage loan requested by the company.

RO: Tranzacția comercială nu poate fi finalizată până când cambia nu primește un accept scris din partea cumpărătorului.

EN: The commercial transaction cannot be finalized until the bill of exchange receives a written acceptance from the buyer.

RO: Avem nevoie de acceptul expres al autorului pentru a putea publica aceste fragmente din text în noua revistă.

EN: We need the express consent of the author to be able to publish these fragments of the text in the new magazine.

Idioms & Phrases

Accept bancar / Banker's acceptance / bank endorsement

RO: Instrument financiar prin care o bancă garantează plata viitoare a unei cambii în numele unui client, reducând riscul de neplată.

EN: A financial instrument through which a bank guarantees the future payment of a bill of exchange on behalf of a client.

Accept prin intervenție / Acceptance for honor / supracept

RO: Actul prin care o terță persoană semnează o cambie pentru a proteja reputația comercială a uneia dintre părțile implicate.

EN: The act whereby a third party signs a bill of exchange to protect the commercial reputation of one of the parties involved.

A-și da acceptul / To give one's consent / to greenlight

RO: Exprimarea formală sau semnarea acordului necesar pentru demararea unui proiect ori aprobarea unei decizii importante.

EN: The formal expression or signing of the agreement necessary to start a project or approve an important decision.

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