Definitions Edit

General Edit

Acceptance is the condition that exists when a system or functional unit meets the specified performance and security requirements.[1]

Risk management Edit

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 Edit

Under Section 2-606 of the Uniform Commercial Code (U.C.C.):

(1) Acceptance of goods occurs when the buyer
(a) after a reasonable opportunity to inspect the goods signifies to the seller that the goods are conforming or that he will take or retain them in spite of their non-conformity; or
(b) fails to make an effective rejection . . . but such acceptance does not occur until the buyer has had a reasonable opportunity to inspect them; or
(c) does any act inconsistent with the seller's ownership; but if such act is wrongful as against the seller it is an acceptance only if ratified by him. (2) Acceptance of a part of any commercial unit is acceptance of that entire unit.

U.S. government Edit

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]

References Edit

  1. Federal Standard 1037C: Glossary.
  2. Playbook: Enterprise Risk Management for the U.S. Federal Government, at 103.
  3. NIST Special Publication 800-4, App. D, Glossary.

See also Edit

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