Legal Dictionary of Pakistan

conditional acceptance

An agreement to pay a draft on the occurrence or nonoccurrence of a particular event. express acceptance. A written or oral expression indicating that the drawee has seen the instrument and does not dispute its sufficiency. 0 While a written acceptance is typically signified by the stamped or written word "accepted" or "presented" usu. on the instrument itself, an oral acceptance must be made directly to a drawer or holder who has waived the right to a written acceptance.