Acceptor

Acceptor,

Definition of Acceptor:

  1. A person or thing that accepts or receives something.

  2. An atom or molecule which is able to bind to or accept an electron or other species.

  3. Drawee of a bill of exchange who accepts it by signing on face of the bill. He or she thereby accepts the liability for payment of the bill on or before the bills maturity date.

  4. An acceptor is the person (or bank) who is expected to pay a check or draft when it is presented for payment.

  5. Depository institutions have capital requirements that regulatory agencies, such as the Bank for International Settlements, the Federal Deposit Insurance Corporation, or the Federal Reserve Board, have set in place. These capital requirements ensure that banks have enough capital to honor withdrawals if they sustain operating losses. Adhering to capital requirements ensures that a bank will be able to act as an acceptor and take responsibility for all the checks that customers present.

How to use Acceptor in a sentence?

  1. Some microorganisms can use oxygen as an electron acceptor.
  2. Depository institutions have capital requirements that regulatory agencies have set in place to ensure that banks have enough capital to honor withdrawals if they sustain operating losses.
  3. An acceptor is the person (or bank) who is expected to pay a check or draft when it is presented for payment.
  4. He hoped to make the most of being one of the first acceptors of bitcoin in the Sydney marketplace.

Meaning of Acceptor & Acceptor Definition