Oxford Business English Dictionary for Learners of English

accelerated depreci ation noun [u] [Accounting) a way of calculating the value of a particular asset in a company's accounts by reducing its value over a shorter period of time than usual or by larger amounts than usual in the first few years. This is a form of tax relief (= a reduction in the amount of tax you have to pay) and is intended to help a business to develop and grow larger.

accelerated 'payment noun [c,u] [Finance) a payment that a person makes to pay back a debt or a loan at once or more quickly than was first agreed, often because they have failed to make regular payments

accelerator /ak'selareita(r)/ noun [C] a company that helps new companies get started by giving them such things as office space, legal help and marketing services in exchange for payment

accept /ak'sept/ verb [+ obj]

to agree to take sth such as an offer, a job or money: The unions voted to accept a pay increase of 6%. о He accepted a position as vice-president of corporate development. IoppI reject

to agree to or approve of sth: They accepted the court's decision, о The company has accepted a

$5 billion takeover bid. (oppI reject

to be willing or able to receive payment in a particular form: Will you accept a cheque? о All major credit cards are accepted.

to agree to be responsible for sth; to agree that you are responsible for sth wrong or illegal that has happened: The auditors have accepted responsibility for failing to spot the mistake.

(Law) to agree to take goods or services from a seller, which means that the buyer must then pay for them: The buyer can refuse to accept the goods if they arrive later than the agreed date. IoppI reject

(Marketing) to be willing to buy a product, a technology or a service: Our products are well/ widely accepted in the local and international market.

[Law) to agree to what is stated in a contract, for example particular rules or decisions: to accept the terms of an agreement

[Insurance) to agree to provide payments if sb loses sth or has a serious accident, for example: The insurance company may refuse to accept the whole risk.

[Finance) to agree to pay the amount of money stated on a bill of exchange by signing it

acceptance /ak'septans/ noun

see also: banker's acceptance, documents against non-~, partial ~

[U] the act of agreeing to sth such as a plan, an idea or an offer: Union leaders recommended acceptance of the pay offer, о New ideas may have a hard time gaining acceptance, о a letter of acceptance

[Finance) [C] the agreement of people who hold shares in a company to the offer of a takeover by

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another company: They had received acceptances from 60% of the company's shareholders.

[Law) [u] the act of agreeing to accept sth that is offered, for example when a buyer agrees to take goods or services from a seller at a particular price: Once acceptance has taken place, the buyer cannot reject the goods.

[u] the willingness of people to buy or use a product, technology or service: The product has gained acceptance in more than fifteen countries worldwide.

consumer/customer/market/public acceptance of sth ♦ brand/product acceptance

(Insurance) [u] the act of an insurance company agreeing to provide payments if sb loses sth or has a serious accident, for example: Your acceptance into the plan is guaranteed if you apply by the end of this month.

(Finance) [u,c] the act of signing a document (a bill of exchange) to say that you promise to pay the amount of money mentioned on it; the words that are written on the document to say that you agree to pay it; the document that has been signed

acceptance .bonus noun [c] [AmB) [HR) an amount of money that is paid to an employee when they agree to do a very difficult task

acceptance .sampling noun [u] [,Production) testing a small number of a total amount of items in order to decide whether the quality of the whole amount is good enough to accept or not: Acceptance sampling is usually carried out at the customer's premises.

acceptor [AmE spelling also accepter) /ak'septa(r)/ noun [C]

[Finance) the person or bank that signs a bill of exchange and promises to pay it

access /'aekses/ noun, verb

noun [U]

see also: wheelchair access

accessory