different between acceptance vs endorsement

English

Etymology

• First attested in 1574. From Middle French acceptance, from Old French accepter (“accept”). Equivalent to accept +? -ance.

Pronunciation

• (US) IPA^(key): /?k.?s?p.t?ns/

Noun

acceptance (countable and uncountable, plural acceptances)

1. (uncountable) The act of accepting; the receiving of something offered, with acquiescence, approbation, or satisfaction; especially, favourable reception; approval.
   • 1611, King James Version, Isaiah 60:7

     They shall come up with acceptance on mine altar.

2. (countable) An instance of that act.
3. Belief in something; agreement, assent.
4. The state of being accepted.
5. The usual or accepted meaning of a word or expression.
6. (business, finance) An assent and engagement by the person on whom a bill of exchange is drawn, to pay it when due according to the terms of the acceptance; the bill of exchange itself when accepted.
7. (law) An agreeing to the action, proposals, or terms of another by some act which results in the conclusion of a legally binding contract; the reception or taking of a thing bought as that for which it was bought, or as that agreed to be delivered, or the taking of possession of a thing as owner.
   • 1876, Mozley and Whiteley, Law Dictionary:

     What acts shall amount to such an acceptance is often a question of great nicety and difficulty.

8. (government, US) The act of an authorized representative of the government by which the government assents to ownership of existing and identified supplies, or approves specific services rendered, as partial or complete performance of a contract.
9. (horse racing, Australia, New Zealand, plural only) A list of horses accepted as starters in a race.
10. (optics) Synonym of etendue.

Usage notes

In modern law, offer and acceptance are necessary elements for a legally binding contract.

Alternative forms

• acceptaunce (obsolete)

Synonyms

• (act of accepting): accepting, receiving, reception, approval
• (state of being accepted): acceptableness
• (assent and engagement by person on whom bill of exchange is drawn): assent

Derived terms

• (assent and engagement by person on whom bill of exchange is drawn): banker's acceptance, trade acceptance
• preacceptance

Translations

References

• acceptance in Webster’s Revised Unabridged Dictionary, G. & C. Merriam, 1913.

Further reading

• acceptance on Wikipedia.Wikipedia
• acceptance (disambiguation) on Wikipedia.Wikipedia
• offer and acceptance on Wikipedia.Wikipedia

Scots

Noun

acceptance (uncountable)

1. acceptance

References

• Eagle, Andy, ed. (2016) The Online Scots Dictionary, Scots Online.

English

Alternative forms

• endorsation (older American, Canadian)
• indorsation (Scotland)
• indorsement (older (American), Latinate)

Etymology

endorse +? -ment

Noun

endorsement (countable and uncountable, plural endorsements)

1. The act or quality of endorsing

   The association announced its endorsement of the policy.

   The bank required that cheque endorsement be witnessed by a cashier.

   Companies sometimes pay millions for product endorsement by celebrities.
2. An amendment or annotation to an insurance contract or other official document (such as a driving licence).

   Mr. Jones paid extra for the flood damage endorsement on his house insurance.

3. (aviation) An instructor's signed acknowledgement of time practising specific flying skills.

   Once she obtained the endorsement of her night flying hours, Joanna was approved to take the pilot's examination.

4. (education, certification) Permission to carry out a specific skill or application in a field in which the practitioner already has a general licence.

   Wanted: Accredited teacher with Grade 12 mathematics endorsement.

   To transport gasoline, truckers must have a valid licence and the hazardous materials endorsement.

5. Sponsorship, in means of money, by a company, business or enterprise.

   After the Olympics, he was hoping to get an endorsement deal.

6. Support from an important, renowned figure of a media (celebrity, politics, sports, etc.), to get back up.

   I'm not sure whether an endorsement from Donald Trump will help or hurt.

Translations

See also

• allonge