Acceptor

"Legal Lexicon":
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.
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. When once made, the obligation of the acceptor is irrevocable.
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. What amounts to a waiver and discharge of the acceptor's liability, must depend on the circumstances of each particular case.
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English-Chinese law dictionary (法律英汉双解大词典). 2013.

Look at other dictionaries:

  • Acceptor — may refer to: * Acceptor (accounting), the addressee of a bill of exchange. * In the Indian Contract Act of 1872, the acceptor is the person to whom a proposal is made, and who has communicated his or her acceptance of the said proposal. * In… …   Wikipedia

  • acceptor — ac‧cept‧or [əkˈseptə ǁ ər] also accepter noun [countable] BANKING a financial institution that accepts a bill of exchange: • In the case of bank bills, the Bank has to be sure that the acceptor bank will be in a position to pay. * * * …   Financial and business terms

  • acceptor — ACCEPTÓR, acceptori, s.m. (fiz.) Atom trivalent care introdus într un semiconductor primeşte electroni de la un atom din reţeaua cristalină a acestuia. – Din fr. accepteur. Trimis de ana zecheru, 30.08.2002. Sursa: DEX S 88  acceptór adj. m., s …   Dicționar Român

  • ACCEPTOR — vox Latio veteri cognita, teste Sosipatrô l. 10. in usum dein revocata a Scriptoribus medii aevi et in LL. antiquis frequens: in Salica tit. 7. §. 1. 2. 3. Burgund. add. 1. c. 11. Longobard. tit. 104. §. 18. 19. 20. etc. accipitrem notat. qui… …   Hofmann J. Lexicon universale

  • 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] …   The Collaborative International Dictionary of English

  • acceptor — index bearer, customer, devisee, donee, feoffee, grantee, heir, payee, transferee …   Law dictionary

  • acceptor — [ak sep′tər, əksep′tər] n. [L] 1. one who accepts; specif., a person who signs a promise to pay a draft or bill of exchange 2. Chem. an atom that receives a pair of electrons from another atom to form a covalent bond with it 3. Electronics an… …   English World dictionary

  • acceptor — /ak sep teuhr/, n. 1. accepter. 2. Finance. a person who accepts a draft or bill of exchange, esp. the drawee who signs the draft or bill, confirming a willingness to pay it when due. 3. Also called acceptor atom, acceptor impurity. Physics. an… …   Universalium

  • Acceptor — The acceptor is the third party who accepts responsibility for payment in a bill of exchange drawn upon it. The bill of exchange will generally have three parties: the drawor, the drawee and the acceptor. The simplest example of an acceptor is a… …   Investment dictionary

  • Acceptor — Latin term for a hawk. The word was qualified by many adjectives. For example, acceptor de pertica = a hawk off the perch; acceptor mutatus = a mewed hawk; acceptoricius canis = a spaniel accompanying hunts with hawks. Cf. Mew …   Dictionary of Medieval Terms and Phrases

  • acceptor — akceptorinė priemaiša statusas T sritis chemija apibrėžtis Kristalo atomai, gebantys prisijungti elektroną iš valentinės zonos. atitikmenys: angl. acceptor; acceptor impurity rus. акцептор; акцепторная примесь ryšiai: sinonimas – akceptorius …   Chemijos terminų aiškinamasis žodynas

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