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Latin. n. Receiver, collector, believer, one who accepts as true, type of hawk. One who accepts; specifically (Law & Com.), one who accepts an order or a bill of exchange; a drawee after he has accepted. The person who agrees to pay a bill of exchange drawn upon him. The acceptor of a bill is the principal debtor, and the drawer the surety. He is bound, even if he accepted without consideration, and for the sole accommodation of the drawer. By his acceptance he admits the drawer's handwriting, for, before acceptance it was incumbent upon him to inquire into the genuineness of the drawer's handwriting. The liability of the acceptor cannot in general be released or discharged, otherwise than by payment, or by express release or waiver, or by the act of limitations.

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