Acceptor

4 definitions found

From The Collaborative International Dictionary of English v.0.48 [gcide]:

  Acceptor \Ac*cept"or\ (#; 277), n. [L.]
     One who accepts; specifically (Law & Com.), one who accepts
     an order or a bill of exchange; a drawee after he has
     accepted.
     [1913 Webster]



From WordNet (r) 2.0 [wn]:

  acceptor
       n 1: (chemistry) in the formation of a coordinate bond it is the
            compound to which electrons are donated
       2: the person (or institution) who accepts a check or draft and
          becomes responsible for paying the party named in the
          draft when it matures

From The Free On-line Dictionary of Computing (27 SEP 03) [foldoc]:

  acceptor
       
          {Finite State Machine}
       
       

From Bouvier's Law Dictionary, Revised 6th Ed (1856) [bouvier]:

  ACCEPTOR, contracts. The person who agrees to pay a bill of exchange drawn
  upon him. There cannot be two separate acceptors of a bill of exchange, e.
  g. an acceptance by the drawee, and another for the honor of some party to
  the bill. Jackson v. Hudson, 2 Campb. N. P. C. 447.
       2. The acceptor of a bill is the principal debtor, and the drawer the
  surety.  He is bound, though he accepted without consideration, and for the
  sole accommodation of the drawer.  By his acceptance he admits the drawer's
  handwriting, for, before acceptance it was incumbent upon him to inquire
  into the genuineness of the drawer's handwriting. 3 Burr. 1354; 1 Bla. Rep.
  390, S. C.; 4 Dall. 234; 1 Binn. 27, S. C. When once made, the obligation of
  the acceptor is irrevocable. As to what amounts to an acceptance, see ante,
  Acceptance; Chitty on Bills, 242, et. seq.; 3 Kent, Com. 55, 6; Pothier,
  Traite du Contrat de Change, premiere part. n. 44.
       3. The liability of the acceptor cannot in general be released or
  discharged, otherwise than by payment, or by express release or waiver, or
  by the act of limitations. Dougl. R. 247. What amounts to a waiver and
  discharge of the acceptor's liability, must depend on the circumstances of
  each particular case. Dougl. 236, 248; Bayl. on Bills, 90; Chitty on Bills,
  249.