Definitions[]
General[]
Acceptance is the condition that exists when a system or functional unit meets the specified performance and security requirements.[1]
Risk management[]
Acceptance is
“ | [r]isk response where no action is taken to respond to the risk based on the insignificance of the risk; or the risk is knowingly assumed to seize an opportunity.[2] | ” |
Uniform Commercial Code[]
Under Section 2-606 of the Uniform Commercial Code (U.C.C.):
“ | (1) Acceptance of goods occurs when the buyer
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” |
U.S. government[]
Acceptance is
“ | [t]he act of an authorized representative of the government by which the government, for itself or as agent of another, assumes control or ownership of existing identified supplies tendered or approves specific services rendered as partial or complete performance of the contract. It is the final determination whether or not a facility or system meets the specified technical and performance standards.[3] | ” |