Agreeing to the terms of an offer,
thereby creating a binding contract; taking
delivery of a deed.

Merriam-Webster Online Dictionary
acceptance (noun)
an agreeing either expressly or by conduct to the act or offer of another so that a contract is concluded and the parties become legally bound
the quality or state of being or - accepted acceptable
the act of the fact of being accepted - accepting approval
a) the act of accepting a time draft or bill of exchange for payment when due according to the specified terms
b) an accepted draft or bill of exchange
- acceptation
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