What is acceptance?
The Bankrate.com financial term of the day is: "Acceptance"
If you ever made friends in school, if your new neighbors gave you a warm welcome, or if your in-laws took an immediate liking to you, you know all about one kind of acceptance and how good it can feel.
There's another kind of acceptance -- in real estate -- and it also can feel good. Acceptance is a property seller’s formal, written approval of a buyer’s offer.
Acceptance is what you receive when you've successfully made an offer on a home.
To find a great rate on a home loan, visit the Mortgages section at Bankrate.com.