Acceptance has different meanings in different contexts and fields. In general, it refers to a promise to pay which is...

Arabic (ركن) for one of the pillars/ elements/ cornerstones of a contract (aqd– عقد). The primary arkan (pl. of rokn)…

A promise to pay which is made when the drawee of a time draft (bill of exchange) writes the word…

Arabic (ركن) for one of the pillars/ elements/ cornerstones of a contract (aqd- عقد). The primary arkan (pl. of rukn)...

A time draft that is drawn by a provider of goods and services on a buyer/ importer (the drawee), who...

In contract law, it is an agreement to an offer. Both offer and acceptance are essential for contract formation. For…

Arabic (إيجاب وقبول) for offer (ijab or 'ardh) and acceptance (qabul); the two essential elements of a contract (aqd) in...

A three-party negotiable instrument which represents an unconditional, written order issued by a natural or legal person (the drawer) instructing...

A written instrument which is signed by its maker (the drawer) and contains an unconditional promise or order to pay...

A person or party, known as the drawee, who accepts a bill of exchange or time draft. This done, the accepting party becomes responsible...