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ACCEPT', verb transitive [Latin accepto, from accipio, ad and capio, to take.]

1. To take or receive what is offered, with a consenting mind; to receive with approbation or favor.

Bless, Lord, his substance, and accept the work of his hands. Deuteronomy 33:11.

He made an offer which was accepted.

Observe the difference between receive and accept

He received an appointment or the offer of a commission, but he did not accept it.

2. To regard with partiality; to value or esteem.

It is not good to accept the person of the wicked. Proverbs 18:5. 2 Corinthians 8:12.

In theology, acceptance with God implies forgiveness of sins and reception into his favor.

3. To consent or agree to; to receive as terms of a contract; as, to accept a treaty; often followed by of.

ACCEPT of the terms.

4. To understand; to have a particular idea of; to receive in a particular sense.

How is this phrase to be accepted?

5. In commerce, to agree or promise to pay, as a bill of exchange. [See Acceptance.]